Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company. The company is engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (namely NPK-10, NPK-12, and NP-20), Zypmite, Phospho-gypsum, and Hydroflorosilicic Acid.
Financial Results:
- Paradeep Phosphates Ltd reported Revenues for Q2FY24 of ₹3,683.00 Crores up from ₹2,864.00 Crore year on year, a rise of 28.6%.
- Total Expenses for Q2FY24 of ₹3,574.00 Crores up from ₹2,802.00 Crores year on year, a rise of 27.55%.
- Consolidated Net Profit of ₹89.00 Crores up 74.51% from ₹51.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹1.10, up 77.42% from ₹0.62 in the same quarter of the previous year.