Companies

NFL Q3 profit almost doubles to ₹104 cr

PTI New Delhi | Updated on February 02, 2019 Published on February 02, 2019

NFL’s profit increased to ₹217.57 crore from ₹145.09 crore in the year-ago period.   -  The Hindu

Its net profit stood at ₹52.50 crore in the year-ago period

National Fertilisers Limited (NFL) on Saturday reported a nearly two-fold jump in net profit at ₹103.92 crore for the December quarter on higher sales, especially of non-urea products.

Its net profit stood at ₹52.50 crore in the year-ago period, the company said in a regulatory filing.

Total income rose to ₹3,797.91 crore during October-December quarter of the current fiscal from ₹2,872.93 crore in the corresponding period of the previous year.

For the first nine months of this fiscal, NFL’s profit increased to ₹217.57 crore from ₹145.09 crore in the year-ago period. Total income went up to ₹9,202.88 crore from ₹6,891.26 crore.

NFL CMD Manoj Mishra said, “With historic results in Q3 and performance of company in nine months, we are again heading towards a new annual record. We have successfully diversified into a multi-product company as the contribution of non-urea fertilizers to total turnover has reached 22 per cent in nine months, from less than one per cent in 2014-15.”

NFL, which has five plants at Haryana, Punjab and Madhya Pradesh, produced a record 38.1 lakh tonnes of urea in 2017-18 with 118 per cent capacity utilisation. Urea sales stood at 39.16 lakh tonnes.

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Published on February 02, 2019
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