Paradeep Phosphates Ltd Announces 115% YoY Increase in Q4 FY24 Profit after Tax to Rs 20 Crores

Paradeep Phosphates Ltd reported a significant growth in its financial results for the quarter and full year ended March 31, 2024. The profit after tax (PAT) grew by 115% year-on-year (YoY) to Rs 20 crores, and the quarterly EBITDA expanded by 11% YoY to Rs 178 crores. The company's revenue from operations for the full year reached Rs 11,575 crores. For the quarter, the production and sales volumes grew by 13% and 25% YoY respectively. The Board of Directors recommended a dividend of 5%, subject to shareholder approval. Mr. N Suresh Krishnan, Managing Director & CEO, expressed optimism about the company's future plans, including the introduction of innovative grades of soil and crop specific NPK fertilizers and the launch of researched biogenic nano-urea and nano-DAP fertilizers.