What was filed
On 28 July 2026, the board of Paradeep Phosphates approved unaudited standalone and consolidated results for the quarter ended 30 June 2026. The statutory auditor, B S R & Co. LLP, issued an unmodified limited-review conclusion on both. The company reports a single segment — "Fertilisers and Other Trading Materials" — so no segment breakdown is provided.
The merger runs through the comparatives
The dominant feature of this filing is comparability. Per the filing, the Composite Scheme of Arrangement amalgamating Mangalore Chemicals & Fertilizers (MCFL) into Paradeep Phosphates was approved by the NCLT (Bangalore and Cuttack benches) in September 2025, with an appointed date of 1 April 2024. Because the company gave effect to the scheme from that retrospective date, the prior-year June 2025 quarter has been restated to include MCFL — a treatment the auditor notes overrides the acquisition-date approach that Ind AS 103 would otherwise require.
The filing also discloses the pre-merger base: excluding the impact of the scheme, revenue for the quarter ended 30 June 2025 was ₹3,754.06 crore and profit before tax was ₹341.83 crore (consolidated). A holder comparing year-on-year growth therefore needs to know which base — restated or pre-merger — is in use.
An exceptional item this quarter
The quarter carries an exceptional item of ₹21.80 crore. Per the filing, after the Government of India notified four Labour Codes on 21 November 2025, the company reassessed its gratuity and leave liability and recognised the resulting impact as an exceptional item in the quarter.