National Fertilizers Q3 results: Net profit declines 70% to ₹45.8 crore, revenue falls 23%

State-owned National Fertilizers Ltd (NFL) reported a 70 per cent drop in its consolidated net profit, which stood at ₹45.81 crore for the December quarter of the current fiscal, primarily due to lower revenue. In comparison, the company had recorded a net profit of ₹150.90 crore in the same quarter last year.

Total revenue declined by 23 per cent to ₹5,855.85 crore in the October-December quarter, down from ₹7,584.27 crore in FY24, as per a regulatory filing.

Meanwhile, expenses were also lower at ₹5,842.01 crore during the period, compared to ₹7,409.05 crore a year earlier.

Experts anticipate a recovery in India's agrochemical sector by 2025 following a phase of destocking, although certain companies continue to face difficulties.

During the quarter, demand remained sluggish due to low pest infestations, favorable weather conditions, and delayed seasonal patterns, affecting sales.

The company reported a 14.5 per cent decline in revenue from its core fertilizer business.