Paradeep Phosphates Q3 Profit Dips 13% Amid Rising Expenses

• Paradeep Phosphates Ltd reported a 13% decline in consolidated net profit for the third quarter (October-December).
• Net profit fell to Rs 182.06 crore from Rs 209.34 crore in the previous year, primarily due to higher expenses.
• Total income increased to Rs 5,779.65 crore, but expenses climbed to Rs 5,504.98 crore.
• Production volumes grew 13% to 10 lakh tonnes, and sales volumes reached 10.70 lakh tonnes.
• The company is expanding phosphoric acid capacity at its Paradeep plant and exploring debottlenecking to increase granulation capacity.

Why It Matters: Paradeep Phosphates' Q3 profit dropped 13% due to increased expenses, despite higher income and volumes.