National Fertilizers Q4 net loss narrows to Rs 10 crore
National Fertilizers (NFL) on Thursday reported narrowing of consolidated loss at Rs 9.53 crore for March quarter 2020-21. The company had reported a loss of Rs 248.65 crore in the year-ago period.
Revenue from operations during the quarter under review declined to Rs 2,961.17 crore from Rs 3,014.43 crore in the corresponding period of 2019-20.
For the year 2020-21, NFL reported a consolidated profit of Rs 237.08 crore compared to a loss of Rs 181.06 crore in the previous financial year.
Revenue from operations during the year fell 9.36% at Rs 11,905.66 crore compared to Rs 13,135.36 crore in 2019-20.
NFL is engaged in producing and marketing urea, neem coated urea, bio-fertilizers (solid and liquid) and other allied industrial products.
As of 31 March 2021, the Government of India held 74.71% stake in NFL.
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