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Paradeep Phosphates Q4 Profit Rises 115%, Declares ₹1 Dividend In Line With Strong Revenue

Updated: May 06, 2025 20:10

Image Source: Trade Brains
Paradeep Phosphates Limited has posted a strong performance for the March 2024 quarter with a sharp increase in profit and a healthy dividend payout, marking its strength in the fertilizers industry.
 
Major Highlights:
  • Profit Increases By a Whopping 115%: Consolidated net profit for Q4 FY24 jumped 115% year-on-year to ₹215 million, demonstrating enhanced operational efficiency and cost control even in a tough market scenario.
  • Solid Revenue: Operating revenue for the quarter was ₹22.43 billion, aided by high fertilizer production and sales volumes-in excess of 4.7 lakh metric tonnes produced and 5 lakh metric tonnes sold during Q4.
  • Dividend Declared: The Board has approved a final dividend of ₹1 per share for FY24, rewarding shareholders and continuing the company's history of consistent dividends.
  • Operational Performance: Quarterly EBITDA increased 11% year-over-year to ₹1.78 billion, with operating profit margins expanding to 6.6% from 2.5% last year, reflecting improved cost controls and product mix.
  • Full-Year Snapshot: For the year, Paradeep Phosphates generated ₹115.75 billion in revenue, with fertilizer volumes and operating statistics remaining robust even as the industry faced headwinds.
  • Industry Position: With its status as India's second-largest private sector phosphatic fertilizer producer, the firm remains well-placed to leverage government backing for domestic manufacturing and strong agri-input demand prospects.
Sources: Paradeep Phosphates Press Release, Moneycontrol, Business Standard

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