NEW DELHI. National Fertilizers Limited (NFL) has reported a remarkable turnaround for the quarter ending December 31, 2025, with standalone net profit soaring to 93.77 crore—a 203% increase compared to the same period last year. This blockbuster performance was primarily fueled by a significant boost in subsidy income under the Nutrient Based Subsidy (NBS) framework for DAP and TSP fertilizers. The company effectively reversed its previous year’s nine-month loss of 21.07 crore, posting a net profit of 51.46 crore for the April–December 2025 period, signaling a robust recovery in its financial health.
Major Financial and Segment Highlights
- Subsidy Recognition: Recognized 537.06 crore in subsidy income for Q3 FY26, following Department of Fertilizers guidelines for the Kharif 2025 season.
- Top Performing Segment: The Traded Imported Fertilizers division emerged as the primary growth engine, with profits jumping from a mere 10 lakh in Q3 FY25 to 141.28 crore this quarter.
- Operational Recovery: Manufactured fertilizers (Urea) returned to profitability with a 41.09 crore gain, recovering from losses incurred in the previous quarter.
- Improved Margins: The operating margin saw a sharp rise to 2.70%, while Earnings Per Share (EPS) tripled to 1.91 compared to 0.63 in the previous year.
- Strong Solvency: Despite an increase in borrowing levels, the company maintained a healthy interest coverage ratio of 3.64 times, ensuring comfortable debt servicing.
The Board of Directors, meeting on February 13, 2026, approved the financial results and proposed alterations to the Articles of Association to further streamline corporate governance. With consolidated total income reaching over 17,208 crore for the nine-month period, NFL’s strategic focus on domestic trading and agro-inputs continues to complement its core manufacturing operations, positioning the Navratna PSU for a strong finish to the 2026 financial year.
