National Fertilizers gains on strong fertilizer sales in Q1 FY23

4 Jul 2022 , 09:45 AM

The company said that it has recorded the best ever sales in its history. A major push to sale growth has been received from sale of non-urea fertilizers like DAP, Bentonite Sulphur, Bio fertilizers, PDM and micro nutrients. Further, with a product mix of varied fertilizers, the company that said it is steadily progressing towards a record sale. National Fertilizers is engaged in producing and marketing urea, neem coated urea, bio-fertilizers (solid and liquid) and other allied industrial products. As of 31 March 2022, the Government of India owned 74.71% stake in the company. On consolidated basis, the company reported a net profit of Rs 6.06 crore in Q4 FY22 compared with net loss of Rs 9.53 crore in Q4 FY21. Net sales jumped 50% to Rs 4,442.29 crore during the period under review. Powered by Capital Market – Live News