National Fertilizers Q4 net loss narrows to Rs 10 crore

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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