Published on 16/09/2020 10:23:51 AM | Source: Dion Global Solutions Ltd

National Fertilizers posts Q1 net profit of Rs 110.23 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

The company reported standalone net profit during the quarter stood at Rs 110.23 crore compared to net loss of Rs 64.02 crore in the previous year quarter. Net revenue of the company rose moderately by 11.18 per cent at Rs 2,831.85 crore in April-June quarter of this fiscal as against Rs 2,547.04 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 0.89 per cent to Rs 2,508.09 crore from Rs 2,530.52 crore in year ago period. Other Income dipped by 59.40 per cent at Rs 6.05 crore versus (Jun'19 Rs 14.90 crore).

Operating Profit surged by 1859.81 per cent to Rs 323.76 crore as against Rs 16.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1658.46 per cent in June quarter. Interest declined by 3.97 per cent y-o-y to Rs 101.28 crore, while Taxation increased by 226.05 per cent at Rs 41.27 crore (Jun'19 Rs -32.74 crore).