National Fertilizers posts Q4 net loss of Rs 107cr

State-owned National Fertilizers Ltd (NFL) today reported net loss of Rs 107.04 crore for the fourth quarter ended on March 31, as some of the units were shutdown for conversion of gas-based feedstock.

It had posted net profit of Rs 56.87 crore in the January -March quarter of 2011-12 fiscal, the company said in a filing to the BSE.

Total income of the company in Q4 fell to Rs 1,149.71 crore in, from Rs 2,088 crore in the year-ago period.

For the 2012-13 fiscal, it posted net loss of Rs 170.73 crore, as against net profit of Rs 126.73 crore in 2011-12.

Total income of the company in the last fiscal decreased to Rs 6,725.01 crore from Rs 7,309.93 crore year go.

The performance of the company took a beating because some of the units remained closed during the quarter for hooking up and commissioning for project of conversion of gas-based feedstock, it said.

National Fertilizers has two manufacturing plants in Punjab and one each in Madhya Pradesh and Haryana.

The company scrip fell 4.53% to close at Rs 44.25 on the BSE.