MoneyWorks4Me

National Fertilizers registers 22% rise in fertilizer sale in Q1FY21

04 Jul 2020 Evaluate

National Fertilizers (NFL) has achieved 21.57% growth in fertilizer sale at 12.85 lakh MT in first quarter (April-June) of this financial year (FY21), as compared to the sales of 10.57 lakh MT made by company in the first quarter of 2019-20. This is all time high fertilizer sale, breaking all previous records. Other than significant growth in Urea sale, P&K fertilizers also recorded a growth of 13% during the quarter. In the month of June, 2020, the company sold 5.30 lakh MT of fertilizers, up by 15.5% than the 4.59 lakh MT sold in the same month previous year.

National Fertilizers is second largest producer of Nitrogenous Fertilizers in the India commanding 16.5% of market share. The company also manufactures spectrum of industrial products which include Methanol, Sodium Nitrate, Sodium Nitrite, Nitric Acid, Sulphur, Liquid Oxygen, Liquid CO2, Liquid Nitrogen etc.

Peers