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.

Revenue 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.

The 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.