NFL records net profit of rs 108 cr in Q3

New Delhi: NFL has earned a Net Profit of Rs.108 Cr in 3rd Quarter (Oct-Dec) of 2019-20. Company's Financial Results were declared after its Board Meeting on 31st Jan.

 

Company recorded a growth of 23% in total Fertilizers Sale in Q3 at 16.65 LMT compared to 13.57 LMT in CPLY. With this, total Revenue from Operations of the Company reached to Rs. 3737 Cr.

 

A major push to fertilizer sale came from trading of imported fertilizers (including Urea of Govt. Account) where a quantum growth of 124% was reported at 6.50 LMT compared to 2.90 LMT in Q3 last year.

 

During the first nine months (April-Dec) of current financial year, the total Fertilizers Sale increased by 25% to 43.73 LMT against 35.09 LMT in CPLY. The company recorded Urea sale of 36.17 LMT during these months compared to 30 LMT during the same period in 2018-19. With this, the total Revenue from Operations reached Rs. 9946.30 crore compared to Rs. 9157.10 crore reported in first nine months of 2018-19.

 

Commenting on successful Q3, Sh Manoj Mishra, CMD, credited all NFL employees for putting in their best efforts.

"My team has done well despite many challenges", wrote Sh Mishra in his tweet.