India's Paradeep Phosphates hits record high on Q1 profit surge

Paradeep Phosphates

29/07/2025 05:04

** Shares of Paradeep Phosphates PRAO.NS jump 10.5% to a record high at 220 rupees

** Stock logs biggest intraday pct gain since April 15

** The fertilizer maker posts June-quarter consol net profit at 2.56 billion rupees ($29.47 million) vs 53.8 million rupees a year ago

** Revenue from operations rise 58% Y/Y

** PRAO rated "buy" by 3 analysts on average; median target price is 150 rupees – data compiled by LSEG

** Stock YTD doubled

($1 = 86.8600 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))