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Tribune News Service
Bathinda, February 2
Driven by operational efficiency and strong growth in its non-urea fertiliser business, NFL has posted a 49 per cent rise in profit during the past nine months ending December 2018. The profit jumped to Rs 344 crore as compared to Rs 231 crore during the same period previous year. This figure even crosses the annual profit of Rs 335 crore recorded by the company during 2017-18.
During April-December, 2018, NFL’s total income was Rs 9,203 crore, an increase of 34 per cent as against Rs 6,891 crore in the previous year.
The profit for Q3 of FY 18-19 stood at Rs 166 crore, as compared to Rs 87 crore in the previous fiscal. The total revenue for the quarter was up 33 per cent to Rs 3,679 crore.
Upbeat by the outcome of Q3, Manoj Mishra, CMD, said, “With historic results in Q3 and performance of the company in nine months, we are again heading towards a new annual record.
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