Fertiliser companies are set to post healthy earnings growth, driven by volume growth in the Urea biz and sizeable cost savings in producing phosphoric acid for complex fertiliser makers
Shares of state owned National Fertilizers jumped up to 6.1 per cent to hit an intraday high of Rs 114.95 a piece on Monday
The state-run agricultural chemicals maker reported a consolidated profit of Rs 12.07 crore ($1.4 million) for the quarter ended Sept. 30, compared to a loss of Rs 87.1 crore a year ago