Paradeep Phosphates Q3 Profit Dips 13% Despite Strong Revenue Growth

• Paradeep Phosphates reported a 13% decline in Q3 net profit to ₹182 crore, down from ₹209 crore year-on-year.
• Revenue for Q3 increased by 15% to ₹5,748 crore, driven by higher volumes and demand for fertiliser products.
• EBITDA rose 7.7% to ₹471.8 crore, but margins narrowed to 8.2% due to cost pressures.
• The company announced a ₹3,600-crore capacity expansion plan to achieve five million tonnes of sales over 2.5 years.
• Shares of Paradeep Phosphates closed down 2.09% at ₹132.69 on February 2.

Why It Matters: Paradeep Phosphates saw Q3 profit drop despite revenue growth, while pursuing significant expansion plans.