Paradeep Phosphates Q2 Results, Net Profit Falls 65% To ₹121 Crore Despite 7% Revenue Growth

Mumbai - Paradeep Phosphates Limited disclosed a significant 65% drop in net profit to ₹121.01 crore for the second quarter of FY27, while revenue from operations rose 7.2% to ₹7,364.06 crore compared to the previous year. The company announced its unaudited financials on October 29, 2026. Despite the profit decline, total income grew to ₹7,381.81 crore from ₹6,913.91 crore in the same quarter last year.

However, total expenses surged to ₹7,217.64 crore from ₹6,445.39 crore, negatively impacting profitability. Profit before tax fell to ₹164.17 crore from ₹468.53 crore in the same period last year, and basic earnings per share dropped to ₹1.16 from ₹3.30 a year earlier. The company's revenue from operations increased by 20.2% on a quarter-on-quarter basis, from ₹6,124.25 crore to ₹6,364.06 crore.

Paradeep Phosphates' IPO subscription reached 1.75 times on the final day of subscription. The company's inventory was adjusted downwards by ₹59.98 crore due to an assessment of the net realisable value, and subsidy income was recognized based on the Kharif subsidy notification. An exceptional item of ₹21.80 crore was included in the previous quarter due to reassessment of employee gratuity and leave liabilities under the Labour Codes.

The financial results were endorsed by the Board of Directors on October 29, 2026, and the statutory auditor B S R & Co. LLP issued an unmodified limited review conclusion on the consolidated financial statements.