State-run National Fertilisers Ltd (NFL) today reported a standalone net profit of Rs 31.44 crore in the fourth quarter of the 2015-16 fiscal on higher income and lower expenses.
The company had reported a net loss of Rs 100.57 crore in the same quarter last year.
In a BSE filing, NFL said its net income rose to Rs 1,641.68 crore in the quarter ended March 31, 2016, from Rs 1,556.28 crore in the year-ago period.
Also Read
The company's overall expenses remained lower at Rs 1,532.58 crore as against Rs 1,616.12, while financial costs were also low at Rs 73.89 crore as against Rs 110.03 crore in the said period.
In the full 2015-16 fiscal, NFL reported a significant jump
in its consolidated net profit to Rs 197.08 crore from Rs 26.24 crore in the previous year.
Total income of the company fell to Rs 7,776.43 crore from 8,524.91 crore in the said period. However, expenses remained lower at Rs 7,300.85 crore in the 2015-16 fiscal as against 8,210.74 crore in the previous year.
NFL has five gas-based urea plants -- Nangal and Bathinda in Punjab, Panipat in Haryana and two plants at Vijaipur in District Guna, Madhya Pradesh.
The company has an annual installed capacity of 35.68 lakh tonnes and is the second-largest producer of urea in the country after IFFCO.
