Key Performance Highlights of Paradeep Phosphates - Q4FY23 and FY2023

Performance Highlights

- Total Income in FY 22-23 is Rs 13,432 crores, up by 70% YoY and in Q4 of FY 22-23 is Rs 3,714 crores, up by 93% QoQ.

- The EBIDTA for full year FY 22-23 is Rs 892 crores, up by 26% YoY while for Q4 of FY 22-23 is 160 crores, up by 36% QoQ.

- The production volumes for full year FY 22-23 stood at 2,032,516 MT, up by 63% YoY while for Q4 of FY 22-23 stood at 620,884, up by 124% QoQ.

- Total Sales Volume in FY 22-23 is 2,029,224 tons vis-à-vis 1,240,998 tons in FY 21-22.

- Our Paradeep site, after completion of organic capacity expansion from 1.2 MMTPA to 1.8 MMTPA through de-bottlenecking in November 2022, has achieved highest ever monthly production of 1,52,005 MT of fertilizers during January 2022.

- Total finished fertilizer produced at our Paradeep site in Q4 FY 22-23 is 3,71,441 tons.

- Goa fertilizer site, which was acquired on 01 June 2022, has produced 2,49,000 tons of finished fertilizers in Q4 this year which includes 1,21,691 tons of Urea.

- Key raw material prices have seen a steady correction during Q4 of FY 22-23.

- Finance cost has increased due to increase in subsidy outstanding, currency volatility and higher interest rates vis-à-vis the same quarter of previous year.

- Given growing food demand and "area under crop cultivation" in the country, supported by good monsoons and high reservoir levels, fertilizer demand is expected to stay firm.

Shares of Paradeep Phosphates Limited was last trading in BSE at Rs. 53.01 as compared to the previous close of Rs. 55.52. The total number of shares traded during the day was 778635 in over 6097 trades.

The stock hit an intraday high of Rs. 57.50 and intraday low of 52.38. The net turnover during the day was Rs. 42495432.00.

Source : Equity Bulls

Keywords

ParadeepPhosphates INE088F01024 Fertilizers KeyPerformanceHighlights Q4FY23 FY2023