National Fertilizers Limited (NFL) announced the outcome of its Board meeting held on February 13, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. Key approvals also included the alteration of the company’s Articles of Association, pending necessary regulatory and shareholder resolutions. The financial report highlights significant revenue recognition related to fertilizer subsidy income.
NFL Board Approves Quarterly Financial Disclosure
The Board of Directors of National Fertilizers Limited met on February 13, 2026, from 03:00 P.M. to 05:05 P.M., to review and approve key corporate actions. The primary agenda involved the acceptance of the Unaudited Financial Results for the period ending December 31, 2025, encompassing both standalone and consolidated statements, accompanied by the Limited Review Report.
Key Financial Highlights (Standalone)
For the quarter ended December 31, 2025, the Standalone Total Income stood at ₹6,88,712 Lakhs, compared to ₹5,88,751 Lakhs in the corresponding quarter last year. Profit/(Loss) for the period after tax was ₹9,377 Lakhs, against a loss of ₹2,107 Lakhs in the prior year’s quarter. Over the nine months ending December 31, 2025, the Standalone Profit After Tax reached ₹5,146 Lakhs.
Consolidated Performance Summary
On a consolidated basis for the nine months ended December 31, 2025, Total Income reached ₹17,20,854 Lakhs. The consolidated Profit for the period after tax amounted to ₹5,995 Lakhs, demonstrating a significant improvement from the previous period’s loss.
Subsidy Income Recognition Emphasis
The results draw specific attention to Note No. 3 concerning the recognition of revenue as subsidy income. This includes ₹1,46,395 Lakhs on DAP & TSP fertilizers for the nine months ended December 31, 2025, and ₹53,706 Lakhs for the current quarter. This recognition is based on operational guidelines from the Department of Fertilizers regarding subsidies applicable to Kharif 2025 shipments.
Corporate Governance Update
In addition to financials, the Board also approved the Alteration in Articles of Association of the Company. This alteration remains subject to subsequent approval from the Administrative Ministry (Department of Fertilizers) and a special resolution passed by the shareholders.
Segmental Results Overview (Standalone)
The strongest profitability came from Manufactured Fertilizers, which posted a Segment Result of ₹4,109 Lakhs for the quarter. Conversely, Traded Imported Fertilizers (Under NBS) generated the highest segment result for the nine months at ₹15,088 Lakhs. The company’s total assets remained substantial, with Segment Assets (sub-total 3) standing at ₹12,90,546 Lakhs for the quarter.
Source: BSE
