Paradeep Phosphates Posts 24% Rise in Q1 Profit at ₹393 Crore; Board Approves ₹250 Crore Aluminium Fluoride Plant

Paradeep Phosphates Ltd. reported a 24% year-on-year increase in first-quarter profit after tax, reaching ₹393 crore, as revenue climbed 36% during the same period. The growth reflects sustained demand for phosphatic fertilizers in India, where agriculture remains a central economic sector and fertilizer consumption is underpinned by government subsidy programmes aimed at supporting farm incomes and food security.

The company's board has approved a capital investment of ₹250 crore to establish an aluminium fluoride manufacturing plant. Aluminium fluoride is a key raw material used in aluminium smelting and other industrial applications. The project represents a diversification beyond Paradeep Phosphates' core fertilizer portfolio, positioning the company to serve India's aluminium industry, which ranks among the largest in the world by production volume.

Additionally, Paradeep Phosphates confirmed that its phosphoric acid expansion project continues to progress on schedule. Phosphoric acid is a critical intermediate in the production of phosphatic fertilizers such as diammonium phosphate (DAP) and complex grades of NPK. The expansion is consistent with India's ongoing policy emphasis on reducing dependence on imported fertilizer intermediates and strengthening domestic supply chains.

Paradeep Phosphates, headquartered in Odisha, India, is one of the country's leading manufacturers of phosphatic fertilizers. The company produces a range of fertilizer products, including DAP, NPK grades, zypmite, gypsum, and sulfuric acid, serving the agricultural sector across India.

The company is listed on Indian stock exchanges under the ticker symbol PARADEEP.

Source: CNBC-TV18 Markets