Paradeep Phosphates is launching India`s first biogenic Nano Urea and Nano DAP under the Jai Kisaan Navratna brand - Jai Kisaan Navratna Nano Shakti Nano Urea containing 8% Nitrogen and Jai Kisaan Navratna Nano Shakti Nano DAP containing 6% Nitrogen and 16% P2O5. The farmers who use these products will reap multiple benefits Nano-Technology as the nano-sized particles provide greater surface area for nutrient absorption and nanoparticles dissolve more readily in water, enhancing nutrient availability. Nanotechnology allows for controlled release of nutrients and nano fertilizers exhibit lower leaching rates, thereby, minimizing environmental effects. Also, the smaller nano particle size improves nutrient absorption by plants. The Nutrient Use Efficiency (NUE) of PPL`s Jai Kisaan Navratna Nano Shakti Nano Urea and Nano DAP is more than 90%, against 30-35% of the traditional urea. After institutional trials at leading Agriculture Universities and research centres & Krishi Vigyan Kendra of ICAR, PPL`s team has conducted more than 4000 successful trials on farmers` fields over the last two years and the farmers have seen improved crop response from the use of both these nano products.Powered by Capital Market - Live News

Net profit of Paradeep Phosphates rose 115.43% to Rs 21.50 crore in the quarter ended March 2024 as against Rs 9.98 crore during the previous quarter ended March 2023. Sales declined 38.45% to Rs 2242.74 crore in the quarter ended March 2024 as against Rs 3643.94 crore during the previous quarter ended March 2023.For the full year,net profit declined 67.15% to Rs 99.91 crore in the year ended March 2024 as against Rs 304.18 crore during the previous year ended March 2023. Sales declined 13.23% to Rs 11575.12 crore in the year ended March 2024 as against Rs 13340.72 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2242.743643.94 -38 11575.1213340.72 -13 OPM %6.602.49 -5.606.00 - PBDT84.0581.04 4 351.50601.32 -42 PBT26.2430.57 -14 140.83426.17 -67 NP21.509.98 115 99.91304.18 -67 Powered by Capital Market - Live News

Paradeep Phosphates announced that the Board of Directors of the Company at its meeting held on 15 May 2024, has recommended a Final dividend of Rs.0.50 per share (i.e.5%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Paradeep Phosphates will hold a meeting of the Board of Directors of the Company on 15 May 2024Powered by Capital Market - Live News

Paradeep Phosphates has received revision in credit ratings from ICRA as under:Long term rating (Rs 4,700 crore) - [ICRA]A; watch with developing implications Short term rating (Rs 8,000 crore) - [ICRA]A1; watch with developing implications Commercial paper (Rs 300 crore) - [ICRA]A1; watch with developing implicationsPowered by Capital Market - Live News