National Fertilizers shares tank nearly 8% after Q3 net profit plunges 70% YoY

The fertiliser producer reported a net profit of ₹45.81 crore in the quarter ended December 31, 2024, marking a major decline of 69.64% year-on-year (YoY) compared to a net profit of ₹150.9 crore witnessed in the same period last year.

The central public sector undertaking’s consolidated revenue from operations also took a hit in the third quarter of the current financial year, falling 22.8% YoY to ₹5,855.85 crore in the third quarter of the current fiscal. Its revenue from operations stood at ₹7,584.3 crore in the corresponding quarter of the previous year.

On a quarter-on-quarter (QoQ) basis, however, the company’s revenue from operations rose 33.6% from ₹4,404.4 crore in the September 2024 quarter, while net profit grew multifold by 279.5% from ₹12.07 crore in the previous quarter.

At the operating level, National Fertilizers reported an Ebitda (Earnings before Interest, Tax, Depreciation, and Amortisation) of ₹149.4 crore in Q3FY25, plummeting 53.1% YoY compared to ₹318.6 crore in the year-ago period.

The company’s EBITDA margin dropped sharply to 2.6% in the quarter under review from 4.2% in Q3FY24.

Its net worth stood at₹2,583.61 crore in Q3FY25, rising 10.4% YoY from ₹2,340.08 crore in the December 2023 quarter.

Shares of National Fertilizers declined almost as much as 7.7% in morning trade on Tuesday to hit an intraday low of ₹91.54 per piece on the NSE. However, the stock recovered some of early losses to trade 7.29% lower at 91.93 apiece at 1:05 pm.

National Fertilizers is a Navratna company and it’s the largest state-owned urea producer in India. The company is also a leading player in the agrochemicals sector. It also offers bio-fertilizers, compost and other industrial products.