The state-owned fertilizers firm reported a net loss Rs 9.53 crore for March quarter 2020-21. However, the net loss narrowed compared to the same quarter previous. The company had reported a loss of Rs 248.65 crore in the year-ago period.
Shares of the fertilizers manufacturer tanked 5 per cent to Rs 68 on Monday. However the counter was trading at Rs 68.90 at 11.15 am. BSE Sensex was trading 232.16 points or 0.44 per cent higher at 52,532.63 at the same time. The scrip settled at Rs 71.35 on Thursday.
Revenue from operations during the quarter under review declined 2 per cent to Rs 2,961.17 crore from Rs 3,014.43 crore in the corresponding period of 2019-20.
For the year 2020-21,
reported a consolidated profit of Rs 237.08 crore compared to a loss of Rs 181.06 crore in the previous financial year.
National Fertilizers have delivered up to 150 per cent return in the last one year. The company has gained over 80 per cent in 2021 thus far.
Revenue from operations during the year fell 9.36 per cent at Rs 11,905.66 crore compared to Rs 13,135.36 crore in 2019-20.
