Annual Report for FY 2024-25 submitted by the Company has been observed that the print quality of the Annual Report was not satisfactory. Accordingly, the Company has reprinted the Annual ....
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The Phosphate Company has issued a corrigendum to its FY 2024-25 Annual Report, reprinting it due to unsatisfactory print quality. The company clarified that there is no impact on the financial statements. The reprinted report shows revenue of ₹137.77 lakhs, up over 10% year-on-year, with EBITDA rising 15% to ₹876 lakhs and profit after tax increasing 71% to ₹346 lakhs. Single Super Phosphate (SSP) production grew 5% to 73,727 MT and sales rose 4% to 72,903 MT. The government increased the SSP subsidy from ₹4,804/MT in H1 to ₹5,121/MT in H2 of FY 2024-25, with a further hike to ₹7,263/MT for H1 FY 2025-26. No dividend was declared, and the auditor's report carries no qualifications.
This is an administrative corrigendum with no change to financials, so it should not affect shareholder value or stock price. However, the embedded annual report reveals strong profit growth (PAT up 71%) and a positive subsidy outlook, which are mildly positive signals for the company's earnings trajectory.