State-owned firm, National Fertilizer (NFL) has 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.
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.
The company’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.
National Fertilizers is the second largest producer of urea in India and also manufactures spectrum of industrial products which include Methanol, Sodium Nitrate, Sodium Nitrite, Nitric Acid, Sulphur, Liquid Oxygen, Liquid CO2, Liquid Nitrogen etc.