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, along with the Limited Review Report. Additionally, the Board proposed an alteration to the Articles of Association, pending approval from the Ministry of Chemicals and Fertilizers and shareholders.
Board Meeting Outcome and Financial Review
The Board of Directors of National Fertilizers Limited convened on February 13, 2026, from 03:00 P.M. to 05:05 P.M., to review and approve key resolutions. In adherence to regulations, the Board has taken on record the Unaudited Financial Results for the period ending December 31, 2025, which includes both Standalone and Consolidated figures, accompanied by the Limited Review Report (Annexure-1).
Subsidy Income Recognition Highlighted
A significant point noted in the standalone results review (Emphasis of Matter – Note 3) is the recognition of revenue as subsidy income. This recognition pertains to ₹14,6395 Lakhs on DAP & TSP fertilizers for the nine months ended December 31, 2025, and ₹5,3706 Lakhs for the quarter. This is based on operational guidelines for provisions exceeding the NBS subsidy rates approved for Kharif 2025 shipments, which have been extended until March 31, 2026.
Key Financial Snapshot (Standalone – Nine Months Ended Dec 31, 2025)
The standalone results show that Total Income for the nine months reached ₹17,20,854 Lakhs. Despite total expenses of ₹17,13,253 Lakhs, the Profit/(Loss) before tax was ₹7,601 Lakhs. The resulting Profit/(Loss) after tax for the nine months stood at ₹5,146 Lakhs, translating to an Earnings Per Share (Basic/Diluted) of ₹1.05.
Key Financial Snapshot (Consolidated – Nine Months Ended Dec 31, 2025)
On a consolidated basis, Total Income was ₹17,20,854 Lakhs. The Profit/(Loss) before tax (including share of Joint Venture results) was ₹8,450 Lakhs. The Consolidated Profit/(Loss) after tax for the nine months was ₹5,995 Lakhs, with an Earnings Per Share (Basic/Diluted) of ₹1.22. The consolidated results include the company’s share of net profit from joint ventures, totaling ₹867 Lakhs for the nine-month period.
Corporate Governance Action
The Board also resolved to propose an Alteration in the Articles of Association of the Company. This amendment requires subsequent approval from the relevant Administrative Ministry (Department of Fertilizers) and approval from the shareholders via a special resolution.
Segmental Performance Overview (Standalone)
The segment analysis indicates that the Manufactured Fertilizers segment generated total revenue of ₹17,16,699 Lakhs for the nine months. While this segment reported a net loss before tax of (₹901) Lakhs, the Traded Imported Fertilizers (Under NBS) segment delivered the highest profit contribution before unallocable items, reporting ₹15,088 Lakhs in segment results.
Other Compliance Filings
The filing confirmed that there were No Funds Raised via Public, Rights, or Preferential Issues, and thus the related deviation statement is Not Applicable. Furthermore, the company reported No Default concerning outstanding loans or debt securities.
Source: BSE
