NFL shares gain 3% on strong Q4 results

Shares of National Fertilizers ended the day with 3 per cent gains, a day after the company reported a standalone net profit of Rs 31 crore in the fourth quarter of the 2015-16 fiscal.
After rising 6.27 per cent to Rs 35.55 -- its 52-week high-- in intra-day trade, the stock gave up some of the gains and finally settled at Rs 34.35 on BSE, up 2.69 per cent.
On NSE, it ended at Rs 34.40, a gain of 2.99 per cent from its previous close.
The company had reported a net loss of Rs 100.6 crore in the fourth quarter of the 2014-15.

The company's market valuation rose by Rs 45.14 crore to Rs 1,685.14 crore.
On the volume front, 3.36 lakh shares changed hands at BSE and over 18 lakh shares were traded at NSE during the day.

In a BSE filing yesterday, National Fertilizers Ltd (NFL) said its net income rose to Rs 1,641.7 crore in the quarter ended March 2016, from Rs 1,556.3 crore in the year-ago period.
The company's overall expenses came in lower at Rs 1,532.6 crore as against Rs 1,616.1 crore in the fourth quarter of the last fiscal while financial costs declined to Rs 73.9 crore from the earlier Rs 110 crore of the same period.

For 2015-16, NFL reported a significant jump in its consolidated net profit at Rs 197.1 crore, from Rs 26.2 crore in the year-ago period.
For the entire year, total income of the company fell to Rs 7,776.4 crore, from Rs 8,524.9 crore a year earlier. However, expenses were lower at Rs 7,300.9 crore in 2015-16 as against Rs 8,210.7 crore in the previous year.