NFL Reports 17.6% Jump in Profit, Declares Rs 1.56 Dividend at 51st Annual General Meeting

NOIDA, October 10, 2025 – National Fertilizers Limited (NFL), a 'Navratna' Public Sector Undertaking, has announced a strong growth in profitability for the financial year 2024-25, despite a drop in overall turnover. The key financial and strategic highlights were confirmed at the Company's 51st Annual General Meeting (AGM), held virtually on Monday, September 29, 2025.

All thirteen resolutions placed before the shareholders, including the adoption of financial statements and the declaration of a final dividend, were passed with the requisite majority.

Financial Performance Highlights (FY 2024-25)
The Chairman, Dr. U. Saravanan, addressed the shareholders, highlighting the company's resilience amid industry challenges, including global geopolitical conflicts and export restrictions by China impacting DAP imports.

Profit Before Tax (PBT) Rises: NFL reported a Profit Before Tax of Rs 104.08 crore for FY 2024-25, marking a notable 17.6% increase from Rs 88.52 crore recorded in the previous financial year. The increase in profitability was attributed to higher contributions from urea sales, robust growth in industrial products, and lower employee remuneration expenses.

Turnover Decline: The company's turnover for the year stood at Rs 19,794.50 crore, a decrease compared to Rs 23,560.31 crore in the previous year. This decline was primarily due to a decrease in the average gas price and a decrease in the sale of fertilizers.

Final Dividend Declared: Shareholders approved the resolution to declare a final dividend of Rs 1.56 per equity share for the financial year ended March 31, 2025.

Industrial Products Segment Drives Growth
A significant contributor to the improved bottom line was the non-fertilizer segment.

Industrial Products Boom: The Industrial Products segment (comprising Nitric Acid, Ammonium Nitrate, Sodium Nitrate/Nitrite) saw a robust growth of 43% in revenue, generating cumulative sales revenue of Rs 673.48 crore in FY 2024-25, up from Rs 470.87 crore in the previous year.

Key Sales Increases: The sale of Nitric Acid increased by 14.32%, while Ammonium Nitrate sales achieved a significant year-on-year growth of 37%.

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Strategic and Sustainability Initiatives
NFL is strategically expanding its product portfolio and committing to environmental goals:

Launch of Urea Gold: The company has introduced Urea Gold—a new variety of Sulphur Coated Urea—and is setting up a 5,000 MTPA plant at its Panipat and Nangal Units under an R&D project. During FY 2024-25, 24 MT of Urea Gold was produced.

Green Energy Push: In line with its commitment to green energy, the company is establishing a 1500 KWp Roof top Solar PV power plant at its Panipat Unit, expected to be completed by the end of FY 2025-26. Plans are also underway for similar solar projects at Nangal, Bathinda, and Vijaipur Units.

New JV in Assam: The company announced its 18% equity participation (approx. Rs 572.75 crore) in the newly incorporated joint venture, "Assam Valley Fertilizers and Chemicals Company Limited," to set up a new Ammonia Urea Plant in Namrup, Assam.

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Board and Director Resolutions
All proposals regarding the Board of Directors were also ratified:

The re-appointment of Dr. U. Saravanan (Chairman & Managing Director) and Shri Hira Nand (Director-Finance) was approved.

The appointments of Shri Bharat Bhushan as Government Nominee Director, Shri Mahesh Chander Gupta as Director (Marketing), and Ms. Ritu Goswami as Director (Technical) - Additional Charge were also ratified.

Shri Jyoti Bhramar Tubid, Shri Rabi Ranjan Sen, and Ms. Pinky Pradhan were appointed as Non-Official Independent Directors for a period of one year.

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