Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of conference call held with analysts and investors on August 04, 2023.10-08-2023
10-08-2023
Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Credit Rating
Reaffirmation of credit rating by ICRA Limited04-08-2023
Paradeep Phosphates Results Earnings Call for Q1FY24
Conference Call with Paradeep Phosphates Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.04-08-2023
Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that audio recording of the conference call held with analysts and investors, on August 04, 2023, has been uploaded on the Company's website at https://www.paradeepphosphates.com/uploads/content/ici0420230804148397.mp304-08-2023
Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed copy of the presentation on the financial results of the Company for the quarter ended June 30, 2023, which shall be shared with Analysts/Investors.04-08-2023
Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Extract of statement of Unaudited Financial Results for the quarter ended June 30, 202303-08-2023
Q1FY24 Quarterly Result Announced for Paradeep Phosphates Ltd.
Fertilizers company Paradeep Phosphates announced Q1FY24 results: Total Income in Q1FY24 is Rs 3,073 crore, up by 26% YoY. Total production volumes were 6,40,784 MT, up by 126% YoY. Paradeep site produced 3,53,020 MT of finished fertilizers, up by 32 % YoY. Goa site, which was acquired by PPL on June 1, 2023, produced 2,87,764 of finished fertilizers in Q1FY24 respectively. Total sales volumes stood at 6,21,755, up by 81% YoY. The EBIDTA and PBT for Q1FY24 stood at Rs (19) and Rs (159) crore respectively. Q1FY24 EBIDTA and PBT were impacted by the retrospective subsidy adjustment and partly by a carry forward of high-cost raw-material. The net one-time adjustment taken is Rs 305 crore. Sans the adjustment, EBIDTA would be Rs 285 crore. Phosphoric acid expansion from 3 lakh to 5 lakh tons at the Paradeep site is completed. Backward integration benefits to accrue from subsequent quarters. Key raw material prices for the industry have seen a steady decline throughout Q1FY24. The normalization is expected to aid the bottom line in FY24. 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. Commenting on the results, S Krishnan, Managing Director, Paradeep Phosphates said, “We have recorded strong production and sales volumes in Q1FY24. Both the sites have been produced optimally. The Paradeep site in Q1FY24 has produced 3,53,020 MT of finished fertilizers up by 32% compared to Q1 last year. Our Goa site has operated at close to full utilization levels in Q1 and has produced unique grades like N-19, and N-24 in addition to our core products. We confirm that the expansion in our phosphoric acid capacity to 5 lakh metric tons at our Paradeep site is completed effective 1st August 23 and the benefits of this backward integration are expected to accrue from Q2FY24 onwards. The industry outlook looks good with the recent revival of monsoon, healthy reservoir levels, higher crop prices vis a vis MSPs, and normalization of global commodity prices. With these tailwinds and our robust capabilities across supply-side, manufacturing, and pan-India distribution, we are focussed on capturing the maximum value and translating it for our shareholders in FY24.” Result PDF02-08-2023
Paradeep Phosphates Q1 results: Net loss of Rs 119.41 crore
Paradeep Phosphates Q1 earnings: Revenue from operations grew 25 percent to Rs 3054 crore year-on-year in Q1FY24.02-08-2023
Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release issued by the Company in connection with the Unaudited Financial Results for the quarter ended June 30, 202302-08-2023
Paradeep Phosphates Ltd - 543530 - Board Meeting Outcome for Outcome Of The Board Meeting Under Regulation 30 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
With reference to the subject mentioned above, we hereby write to inform you that the Board of Directors of the Company in its meeting held today, i.e., August 02, 2023, inter alia, has considered and approved the unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2023 as recommended by the Audit Committee at its meeting held today, i.e., August 02, 2023. We attach herewith copy of the unaudited standalone and consolidated financial results for the quarter ended June 30, 2023 along with the Limited Review Report of the Auditors thereon. The meeting commenced at 2:00 P.M. (1ST) and concluded at 5:00 P.M. (IST)02-08-2023