NFL records highest-ever Profit of Rs. 609.77 Cr in Financial Year 2022-23
National Fertilizers Limited (NFL) has achieved its best-ever operational performance by setting new records of Production, Sales, Turnover and Profit during the financial year 2022-23.
![NFL records highest-ever Profit of Rs. 609.77 Cr in Financial Year 2022-23](https://www.psuconnect.in/sdsdsd/NFL_records_highest_ever_Profit_in_fy_2022_23.jpg)
NFL records highest-ever Profit of Rs. 609.77 Cr in Financial Year 2022-23
NEW DELHI- National Fertilizers Limited (NFL) has achieved its best-ever operational performance by setting new records of Production, Sales, Turnover and Profit during the financial year 2022-23. The results of the Company for the Financial Year ended 31st March 2023 were approved by Board in its meeting on 29th May 2023.
The company registered its highest-ever Profit Before Tax (PBT) of Rs 609.77 crore during 2022-23 as compared to CPLY of Rs 144.82 Crore. PAT during this period also peaked at Rs. 456.10 crore against CPLY of Rs 108.20 crore.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYRevenue from operations of the company almost doubled to Rs. 29,616.52 Crore during this period from the earlier best of Rs. 15,857.09 achieved during the financial year 2021-22.
The plants of the company operated at a capacity utilization of 122% during this period and produced 39.35 Lakh MT of urea, which is also the highest ever. The company has also set new production and sale records of its Industrial Products.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsThe company achieved total fertilizer sale of over 66.72 Lakh MT in 2022-23, which is best-ever sales performance of the company. This also includes the highest ever urea sales of 53.70 LMT. For the first time, NFL has crossed 10 Lakh MT mark in terms of sale of P&K fertilizers.
The sales of its Agrochemical Segment also reached new high worth Rs. 89 crore. On industrial products front, the company has recorded best-ever sale of Rs. 974 crores during 2022-23, an increase of 39% over the last year.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh