India's Paradeep Phosphates falls on quarterly profit drop

Paradeep Phosphates

03/02/2026 06:08

** Shares of India's Paradeep Phosphates PRAO.NS falls 3% to 127.70 rupees

** Phosphate fertiliser maker reported ~13% y/y drop in quarterly profit

** Co posted a one-time charge of 413 million rupees related to India's new labour codes, which weighed on its profit

** Trading vols at 6.37 mln shares, similar to 30-day-avg shares of 4.48 mln shares

** PRAO gained 49.5% in 2025, stock down about 20% so far in 2026

($1 = 90.3280 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))