Paradeep Phosphates Ltd

The company will inform once it resumes production. Paradeep Phosphates is primarily engaged in the manufacture of urea, di-ammonium phosphate (DAP), complex fertilizers of NPK grades, and zypmite (a gypsum-based product), having its manufacturing facilities at the port town of Paradeep, District Jagatsinghpur, Odisha, and at Zuari Nagar, Goa. The company is also involved in the trading of fertilizers, ammonia, neutralized phosphogypsum, micronutrients, and other materials. The company caters to the demands of farmers all over the country through its 'Navratna' brand of fertilizers. On a consolidated basis, Paradeep Phosphates's net profit declined 30.25% to Rs 158.75 crore in Q3 FY25 as against Rs 227.63 crore in Q2 FY25. Revenue from operations rose 6.79% to Rs 4,104.92 crore in Q3 FY25 over Q2 FY25. Shares of Paradeep Phosphates shed 0.32% to Rs 91.05 on the BSE.Powered by Capital Market - Live

On a consolidated basis, Paradeep Phosphates's net profit declined 30.25% to Rs 158.75 crore in Q3 FY25 as against Rs 227.63 crore in Q2 FY25. Revenue from operations rose 6.79% to Rs 4,104.92 crore in Q3 FY25 over Q2 FY25. PBT slipped 25.57% to Rs 220.27 crore in Q3 FY25 over Q2 FY25. On a year-on-year basis, the company's consolidated net profit surged 45.74% while total income advanced 58.13% in Q3 FY25. PBT jumped 43.48% YoY. Total expense spiked 59.98% to Rs 3,919.86 crore in the December 2024 quarter. The cost of material consumed was at Rs 2,234.33 crore (up 38.69% YoY), while employee benefit expense stood at Rs 60.69 crore (up 8.64% YoY), and finance cost was at Rs 86.43 crore (down 4.81% YoY). On a nine-month basis, the company's consolidated net profit zoomed 399.63% to Rs 391.96 crore in 9M FY25, compared with Rs 78.41 crore in 9M FY24. Revenue from operations stood at Rs 10,326.19 crore in 9M FY25, up 10.64% year on year. Paradeep Phosphates is primarily engaged in the manufacture of urea, di-ammonium phosphate (DAP), complex fertilizers of NPK grades, and zypmite (a gypsum-based product), having its manufacturing facilities at the port town of Paradeep, District Jagatsinghpur, Odisha, and at Zuari Nagar, Goa. The company is also involved in the trading of fertilizers, ammonia, neutralized phospo gypsum, micronutrients, and other materials. The company caters to the demands of farmers all over the country through its 'Navratna' brand of fertilizers. Powered by Capital Market - Live

Net profit of Paradeep Phosphates rose 45.75% to Rs 158.75 crore in the quarter ended December 2024 as against Rs 108.92 crore during the previous quarter ended December 2023. Sales rose 58.18% to Rs 4104.92 crore in the quarter ended December 2024 as against Rs 2595.03 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales4104.922595.03 58 OPM %8.1910.89 - PBDT285.09208.67 37 PBT220.27153.51 43 NP158.75108.92 46 Powered by Capital Market - Live

Paradeep Phosphate has signed a MoU with Govt. of Odisha with the purpose to enhance fertilizer production capacity, integrate key raw materials, and invest in renewable energy and sustainability. The company will invest Rs 4,000 crore over five years to increase the Phosphatic Fertiliser Manufacturing capacity in both intermediate and final products including Port/Jetty and infrastructure development. This will escalate the employment capacity directly between 100-150 and indirectly between 700-1000. Alongside, this strategic investment will increase production capacity, reduce environmental impact, and contribute to agricultural growth. The company has a total production capacity of 3 million metric tonnes (MT), including 2.6 million MT of phosphates and 0.4 million MT of urea at its two manufacturing units in Paradeep, Odisha (1.8 million MT) and Zuarinagar, Goa (1.2 million MT). Powered by Capital Market - Live

Paradeep Phosphates will hold a meeting of the Board of Directors of the Company on 3 February 2025.Powered by Capital Market - Live

The key equity indices reversed all losses and traded with minor gains in mid-afternoon trade. The Nifty traded above the 24,400 level. PSU Bank shares extended gains for the two trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, was up 240.78 points or 0.30% to 80,245.82. The Nifty 50 index rose 74.90 points or 0.31% to 24,414.05. In the broader market, the S&P BSE Mid-Cap index rose 0.06% and the S&P BSE Small-Cap index added 0.07%. The market breadth was negative. On the BSE, 1,865 shares rose and 1,920 shares fell. A total of 124 shares were unchanged. Economy: According to the monthly report by the finance ministry, the outlook for the Indian economy is good, underpinned by a stable external sector, positive agricultural outlook, expected improvements in demand supported by the festive season, and the likelihood of an increase in Government spending, which will boost investment activity. However, at the margin, demand conditions in the economy bear watching. Given the overall subdued inflation, barring a few food items, the real price of money may have gone up. The finance ministry maintains that the Indian economy will grow between 6.5% and 7.0% in the current fiscal year. However, risks stem from global factors such as geopolitical conflicts, rising geo-economic fragmentation, uncertainties about the trade policies of major economies and consequent financial market reactions, the report noted. Buzzing Index: The Nifty PSU Bank index rose 2.55% to 6,687.70. The index added 6.42% in the two trading sessions. Indian Bank (up 4.95%), State Bank of India (up 3.52%), Bank of Maharashtra (up 2.89%), Punjab & Sind Bank (up 2.2%), Indian Overseas Bank (up 2.17%), Canara Bank (up 1.85%), Bank of India (up 1.57%), Central Bank of India (up 1.45%), Union Bank of India (up 1.36%) and Bank of Baroda (up 1.33%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.59% to 6.971 as compared with previous close 6.982. In the foreign exchange market, the rupee remained flat against the dollar. The partially convertible rupee was hovering at 84.0775, compared with its close of 84.0775 during the previous trading session. MCX Gold futures for 5 December 2024 settlement rose 0.28% to Rs 78,785. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 104.31. The United States 10-year bond yield gained 0.54% to 4.305. In the commodities market, Brent crude for November 2024 settlement added 18 cents or 0.25% to $71.60 a barrel. Stocks in spotlight: Paradeep Phosphates rallied 6.15% after the company's consolidated net profit surged 154.53% to Rs 227.63 crore on 4.37% rise in revenue from operations to Rs 3,843.84 crore in Q2 FY25 over Q2 FY24. RailTel Corporation of India shed 0.16%. The company reported standalone net profit of Rs 72.64 crore in Q2 FY25, up 6.58% as against Rs 68.15 crore posted in Q2 FY24. Revenue from operations stood at Rs 843.49 crore in second quarter of FY25, registering a growth of 40.78% year on year.Powered by Capital Market - Live

Profit before tax stood at Rs 295.97 crore in second quarter of FY25, up 145.88% from Rs 120.37 crore posted in same quarter last year. Total expense declined 0.3% to Rs 3,562.95 crore in September 2024 quarter. Cost of material consumed was at Rs 2,233.57 crore (up 10.7% YoY) while employee benefit expense stood at Rs 61.49 crore (up 6.37% YoY), finance cost was at Rs 81.87 crore (down 14.67% YoY). EBITDA for Q2 of FY25 stood at Rs 440 crore, registering an increase of 65% on YoY basis. Total production volumes stood at 693,311 MT, reflecting a 5% YoY increase. Total sales volumes of finished fertilizers reached 865,286 MT, marking 18% YoY increase. On half yearly basis, the company reported consolidated net profit of Rs 233.01 crore in H1 FY25 as against net loss of Rs 30.51 crore in H1 FY24. Revenue from operations declined 7.66% YoY to Rs 6,221.27 crore in the half year ended September 2024. Meanwhile, the company's board approved brownfield expansion of the Phosphoric Acid Plant-II Project, alongside the installation of the evaporator and the transition from wet to dry gypsum, at a total estimated capex of Rs 250 crore. Paradeep Phosphates is primarily engaged in the manufacture of Urea, Di-Ammonium Phosphate (DAP), Complex Fertilizers of NPK grades, and Zypmite (Gypsum based product) having its manufacturing facilities at the port town of Paradeep, District Jagatsinghpur, Odisha and at Zuari Nagar, Goa. The Company is also involved in trading of fertilizers, ammonia, neutralized phospo gypsum, micronutrient and other materials. The Company caters to the demands of farmers all over the country through its 'Navratna' brand of fertilizers. The scrip hit an all time high of Rs 99 in today's intraday session.Powered by Capital Market - Live

Net profit of Paradeep Phosphates rose 154.34% to Rs 227.46 crore in the quarter ended September 2024 as against Rs 89.43 crore during the previous quarter ended September 2023. Sales rose 4.37% to Rs 3843.84 crore in the quarter ended September 2024 as against Rs 3683.02 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3843.843683.02 4 OPM %11.076.95 - PBDT358.43171.05 110 PBT295.80120.37 146 NP227.4689.43 154 Powered by Capital Market - Live

Paradeep Phosphates will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

The key equity indices traded with minor gains in mid-afternoon trade. The Nifty traded above the 25,400 level. Private bank stocks rallied for the sixth consecutive trading session. Trading was volatile due to weekly F&O series expiry today. At 14:30 IST, the barometer index, the S&P BSE Sensex added 233.19 points or 0.30% to 83,195.25. The Nifty 50 index rose 35.55 points or 0.14% to 25,413.10. The Sensex and Nifty clocked an all-time high of 83,773.61 and 25,611.95 respectively in morning trade. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.49% and the S&P BSE Small-Cap index declined 1.80%. The market breadth was weak. On the BSE, 959 shares rose and 2,989 shares fell. A total of 125 shares were unchanged. Fed Cuts Rates for the First Time in Years, Signaling Policy Shift: The US Federal Reserve made a significant policy shift on Wednesday, reducing interest rates by 50 basis points. This marks the first rate cut in over four years, signaling a potential easing of the restrictive monetary policy implemented to combat inflation. The Federal Open Market Committee (FOMC) justified the decision, citing progress in curbing inflation and a shifting balance of risks. The rate cut is expected to lower borrowing costs for consumers and businesses, stimulating spending and investment. While the 50-basis point cut was at the higher end of market expectations, analysts anticipate further rate reductions in the coming months. The Fed hinted at two more 25-basis point cuts this year, but market sentiment suggests more aggressive easing could be on the horizon. Despite the optimism surrounding rate cuts, Federal Reserve Chair Jerome Powell tempered expectations. He emphasized that the central bank does not intend to return to the era of ultra-low interest rates seen during the COVID-19 pandemic. Powell indicated that the Fed's neutral rate is likely to be higher than in the past, suggesting a less accommodative monetary policy stance going forward. The Fed's rate cut will have global repercussions, particularly in emerging markets like India. Lower interest rates in the US can influence capital flows and exchange rates, affecting these economies' financial conditions. Buzzing Index: The Nifty Private Bank index rose 0.38% to 26,603.80. The index advanced 3.95% in the six consecutive trading sessions. Kotak Mahindra Bank (up 1.41%), HDFC Bank (up 0.98%), ICICI Bank (up 0.25%), Axis Bank (up 0.25%) and IndusInd Bank (up 0.13%) advanced. On the other hand, Bandhan Bank (down 1.58%), City Union Bank (down 1.32%) and RBL Bank (down 0.57%) edged lower. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.12% to 6.855 as compared with previous close 6.779. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.6400, compared with its close of 83.7650 during the previous trading session. MCX Gold futures for 4 October 2024 settlement added 0.43% to Rs 73,372. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 100.60. The United States 10-year bond yield rose 0.27% to 3.703. In the commodities market, Brent crude for November 2024 settlement added 86 cents or 1.17% to $74.51 a barrel. Stocks in spotlight: Paradeep Phosphates slipped 4.53%. The company announced that its ammonia and urea plants at Goa have now resumed the production. Shilpa Medicare tumbled 6.09%. The company informed that Sridevi Khambhampaty has been appointed as chief executive officer (CEO) of its wholly owned subsidiary, Shilpa Biologicals. Powered by Capital Market - Live