Fertilizer stock jumps 12% after reporting 4,132% increase in net profits

Fertilizer stock jumps 12% after reporting 4,132% increase in net profits

About the Company

About the Company

Paradeep Phosphates Limited is a leading company in India’s phosphatic fertilizer industry, with a total production capacity of 3 million metric tonnes, caters to over 9 million farmers through 70,000 retail points across 15 Indian states and supplies industrial products such as gypsum, HFSA, sulphuric acid, ammonia, and many more.

Price Action

Price Action

pradeep Phosphate ltd were trading at Rs. 94.98 per equity share, up 7 percent from its previous day’s close price of Rs. 88.71.

Q2 Result Update

Q2 Result Update

Its Revenue from operations grew by 4.36 percent YoY from Rs. 3,683.02 Crores in Q2FY24 to Rs. 3843.84 Crores in Q2FY25 and it grew by 62 percent QoQ from Rs. 2,377.43 Crores in Q1FY25 to Rs. 3,843.84 Crores in Q2FY25.

Q2 Result Update

Q2 Result Update

Net Profit grew by 155 percent YoY from Rs. 89.43 Crores in Q2FY24 to Rs. 227.63 Crores in Q2FY25 and it grew by 4132 percent QoQ from Rs. 5.38 Crores in Q1FY25 to Rs. 227.63 Crores in Q2FY25.