PARADEEP · Chemicals
Paradeep Phosphates Ltd. reported revenue of ₹2,595 cr for October to December 2023, — on the year and −29.5% on the quarter.
Operating profit (EBITDA) was ₹282 cr, a margin of 10.9%, — on the year and +392 bps on the quarter.
Net profit was ₹109 cr, — on the year and +22.5% on the quarter, with earnings per share of ₹1.34.
Speciality chemicals are read on volumes and pricing, with Chinese supply a recurring swing factor; inventory destocking can hit a quarter without a change in demand. The quarterly statements do not carry volumes against prices, capacity utilisation and new molecules; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,595 cr | ₹2,243 cr | ₹2,377 cr | ₹4,619 cr | ₹4,990 cr | ₹4,194 cr | ₹4,504 cr | ₹6,872 cr | ₹5,749 cr | ₹4,702 cr | ₹6,124 cr | ₹7,364 cr |
| YoY | — | — | −22% | +25% | +92% | +87% | +89% | +49% | +15% | +12% | +36% | +7% |
| EBITDA margin | 10.9% | 6.6% | 6.1% | 11.0% | 8.8% | 9.1% | 12.9% | 9.6% | 8.2% | 9.4% | 11.8% | 5.6% |
| Other income, % of PBT | 6% | 119% | 146% | 6% | 15% | 25% | 8% | 9% | −4% | 21% | 8% | 11% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 29% | 18% | 59% | 24% | 28% | 28% | 25% | 27% | 22% | 23% | 25% | 26% |
| Net profit | ₹109 cr | ₹22.0 cr | ₹5.0 cr | ₹255 cr | ₹209 cr | ₹172 cr | ₹317 cr | ₹342 cr | ₹182 cr | ₹156 cr | ₹393 cr | ₹121 cr |
| YoY | — | — | — | +187% | +92% | +682% | +6,240% | +34% | −13% | −9% | +24% | −65% |
| Core profit YoY | — | — | — | +191% | +70% | — | — | +35% | −2% | −10% | +24% | −66% |
| EPS | ₹1.34 | ₹0.26 | ₹0.07 | ₹3.13 | ₹2.57 | ₹2.11 | ₹3.88 | ₹4.19 | ₹1.75 | ₹1.50 | ₹3.78 | ₹1.17 |
| Flags | · | 1 | 1 | ✓ | 1 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Paradeep Phosphates Ltd. reported revenue of ₹2,595 cr (— on the year) and net profit of ₹109 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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