Paradeep Phosphates Limited — Earnings Release 2025

May 7, 2025

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May 07, 2025

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) MUMBAI - 400 051

BSE Limited, Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street MUMBAI - 400 001

Dear Sir/Madam,

Company's Scrip Code in BSE : 543530 Company’s Symbol in NSE : PARADEEP ISIN : INE088F01024

Sub: Press Release - Audited Financial Results of the Company for the quarter and year ended March 31, 2025

With reference to captioned subject, we enclose a copy of the press release issued by the Company in connection with the Audited Financial Results for the quarter and year ended March 31, 2025, for your information and record.

Thanking you,

Yours faithfully,

For Paradeep Phosphates Limited

Sachin Digitally signed by Sachin Shankar Patil Shankar Patil Date: 2025.05.07 12:35:25 +05'30' Sachin Patil Company Secretary

Encl: As above

PARADEEP PHOSPHATES LIMITED

CIN No.: L24129OR1981PLC001020

Corporate Office : Adventz Center, 3[rd] Floor, No. 28, Union Street, Off Cubbon Road, Bengaluru- 560001 Tel : + 91 80 46812500/555 Email : info-ppl@adventz.com

Registered office : Bayan Bhawan, Pandit J N Marg, Bhubaneswar - 751001 Tel: +0674 666 6100 Fax: +0674 2392631 www.paradeepphosphates.com

Press Release : PPL’s Q4 and FY 25 Results

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Paradeep Phosphates Ltd (PPL) Announces Q4 & FY25 Results PAT Soars 452%; Sales Volumes Cross 3 Million Tonnes; Strong Growth in Profitability and Cash Flows

07 May 2025, Bengaluru: Paradeep Phosphates Ltd (BSE: 543530, NSE: PARADEEP), India’s second-largest private-sector phosphatic fertilizer company, yesterday reported its financial results for the quarter and full year ended 31st March 2025, delivering robust performance across operational, financial, and strategic metrics.

For FY25 , the company posted a 452% year-on-year surge in profit after tax (PAT) , powered by record fertilizer sales of 3.03 million tonnes . Revenue from operations stood at ₹13,820 crore , registering a 19% growth over the previous year . EBITDA rose sharply to ₹1,367 crore , up 91% year-on-year , while profit before tax increased by 434% to ₹753 crore . In Q4 alone , revenue grew by 56% to ₹3,494 crore , with EBITDA doubling to ₹389 crore and PBT rising nearly eight-fold to ₹223 crore .

The Board has recommended a dividend of ₹1 per equity share on the face value of ₹10 for the financial year 2025.

The company reported production volumes of 2.63 million tonnes and primary sales of 3.03 million tonnes for the full year , reflecting year-on-year growth of 14% and 20%, respectively. PPL served over 9.5 million farmers across 15 Indian states through a wide network of more than 95,000 retail points . Its product basket included nine diverse crop and soil specific NPK grades , with N-20 sales crossing a record 1.06 million tonnes . PPL also achieved record POS sales, maintaining high sales velocity, leading to improved receivables and better working capital efficiency. It continued on its innovation-led offerings, selling 1.66 million bottles of nano fertilizers and achieving strong market response for its recently introduced TSP product , selling nearly 1.5 lakh tonnes during the year.

PPL maintained a sharp focus on strategic sourcing and supply chain agility , leveraging longterm supplier relationships and robust on-site storage infrastructure to navigate the volatility in raw material prices during the year.

The company ended FY25 with a net-debt to equity ratio of 0.78, marking a 28% reduction over the previous year, and improved net debt per tonne of sales. These operational efficiencies translated into healthy free cash generation post working capital and capex.

On the ESG front , PPL achieved a significant milestone by being ranked among the top 2% globally in the chemicals sector by S&P Global as part of their 2024 Corporate Sustainability Assessment , which forms the basis of the Dow Jones Sustainability Indices. This recognition underscores PPL’s growing leadership in sustainability and its continued focus on embedding ESG into every layer of strategy and operations.

Commenting on the performance, Mr Suresh Krishnan , Managing Director & CEO of Paradeep Phosphates, said

“We have achieved record sales volumes of over 3 million tonnes, underpinned by strategic sourcing, a diversified NPK production mix, focused sales and marketing efforts, and strong fiscal and operational discipline. Both our debt levels and net debt per tonne of sales have decreased meaningfully. We ended the year with 74% of EBITDA converting into free cash flow. Over the

Press Release : PPL’s Q4 and FY 25 Results

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past four years, our growth in volumes and key financial metrics has been standout within the industry.

Our commitment to ESG has also earned global recognition, with S&P placing us in the top 98[th] percentile in the chemicals sector. ESG will continue to be a core pillar of our growth agenda.

With a favorable monsoon outlook and continued government support, we remain focused on driving operational excellence and deploying free cash flows prudently to support strategic growth including backward integration.”

FY25 Highlights:

• PAT surged 452% YoY on the back of record fertilizer sales.

• Revenue from operations rose 19% YoY to ₹13,820 crore.

• EBITDA grew 91% YoY to ₹1,367 crore.

• PBT increased 434% YoY to ₹753 crore.

• Full-year production volumes reached 2.63 million tonnes, while primary sales volumes touched 3.03 million tonnes, marking YoY growth of 14% and 20% respectively.

• N-20 sales crossed 1.06 million tonnes, the highest-ever.

• Nano fertilizer sales (nano-DAP and nano-urea) reached 1.66 million bottles.

• Free cash flow (post working capital and capex) is 74% of EBIDTA .

• Net-debt to equity improved to 0.78, a 28% reduction YoY.

• Dividend of ₹1 per equity share on the face value of ₹10 declared.

Q4 FY25 Highlights:

• Revenue from operations stood at ₹3,494 crore, up 56% YoY .

• EBITDA grew 119% YoY to ₹389 crore.

• PBT surged 750% YoY to ₹223 crore.

• PAT increased 644% YoY to ₹160 crore.

Projects:

• The sulphuric acid expansion at the Paradeep site, from 1.39 MMTPA to ~2 MMTPA, is progressing well and is expected to be commissioned by Q3 FY26.

• The phosphoric acid expansion, also at the Paradeep site, will increase capacity from 0.5 MMTPA to 0.7 MMTPA and is expected to go live within two years.

• With the growing focus on food security, healthy soil, and balanced fertilization, coupled with favorable government policies and an above average monsoon forecast, the fertilizer demand in the country is expected to remain strong.

For more information please contact: Susnato Lahiri

DGM Strategy, Investor Relations & ESG Email: susnato.lahiri@adventz.com

For latest financials and IR presentation please visit our website at :

https://paradeepphosphates.com/investors

Press Release : PPL’s Q4 and FY 25 Results

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About Paradeep Phosphates Limited

Paradeep Phosphates Ltd (PPL) is a leading company in India’s phosphatic fertilizer industry, with a total production capacity of 3 million metric tonnes (MT), including 2.6 million MT of phosphates and 0.4 million MT of urea. Its two manufacturing units in Paradeep, Odisha (1.8 million MT), and Zuarinagar, Goa (1.2 million MT), produce a wide range of fertilizers, including DAP and various NPK grades (N-10, N-12, N-14, N-19, N-20, N-28), as well as urea. PPL 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, and ammonia.

The company's strengths include raw material sourcing through long-term contracts; backward integration in phosphoric acid, sulphuric acid, and ammonia; efficient storage, inbound, and outbound logistics, a captive berth at Paradeep port; flexible DAP/NPK production lines; and a robust pan-India distribution network, supported by strong brands of "Jai Kisaan" and "Navratna”.

Since 2022, PPL has increased its production capacity from 1.2 million MT to 3 million MT, driven by organic growth at the Paradeep plant and the acquisition of the Goa unit in June 2022. The company has also strengthened its backward integration in phosphoric acid to 5 lakh tonnes per annum.

At PPL, ESG is an embedded part of its growth journey and is overseen by the Board and an executive steering committee. The company adheres to global standards, including the GRI, SASB, and UN-SDGs, and annually publishes both ESG and BRSR reports including its carbon footprint across Scope 1, 2, and 3 emissions. PPL has achieved an ESG score of 75 in S&P’s Corporate Sustainability Assessment 2024 placing it in the top 98[th] percentile globally in chemicals sector.

Founded in 1981 as a joint venture between the Government of India (GoI) and the Republic of Nauru, PPL became a public sector entity in 1993. In 2002, GoI divested nearly 80% of its stake to Zuari Maroc Phosphates Pvt. Ltd. (ZMPPL), a joint venture between Dr. K K Birla’s Zuari Group and Morocco's OCP Group. Following its IPO in May 2022, PPL transitioned into a private company, with GoI selling its residual 19.55% stake, and ZMPPL becoming the majority owner with 56.08 % stake.