National Fertiliser's Q3 net up 8%

State-owned firm National Fertiliser (NFL) today reported an 8% rise in its net profit at Rs 54.75 crore for the quarter ended December 31, 2011.

The company had reported a net profit of Rs 50.90 crore in the year-ago period, it said in a filing to the Bombay Stock Exchange (BSE).

The net sales of the company rose by 39% to Rs 2,043.36 crore in the third quarter of the current fiscal from Rs 1,468.83 crore in the same quarter of the previous fiscal.

NFL's total expenditure in the October-December period of 2011 also increased by 39% to Rs 1,948.24 crore compared to Rs 1,400.16 crore in the same period previous year.

 

The company is a leading producer of urea in the country with an an installed capacity of about 33.30 lakh tonne. It has has also started the production of foundation and certified seeds under a pilot project.

Shares of the company today surged 6.7% to settle at Rs 82.05 from its previous close on the BSE.