National Fertilizers said it achieved highest-ever fertilizer sale of 12.85 lakh metric tonnes (LMT) in Q1 June 2020. This is about 21.5% higher than the sales of 10.57 LMT reported in Q1 June 2019.

Other than significant growth in Urea sale, Phosphatic and Potassic (P&K) fertilizers also recorded a growth of 13% during the quarter, NFL said in a statement after market hours on Friday (3 July).

Meanwhile, the company sold 5.30 LMT of fertilizers in June 2020, up 15.5% compared with 4.59 LMT sold in the same month last year.

National Fertilizers is engaged in producing and marketing urea, neem coated urea, bio-fertilizers (solid and liquid) and other allied industrial products. As of 31 March 2020, the Government of India owned 74.71% stake in the company.

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National Fertilizers (NFL) has achieved highest-ever fertilizer sale of 12.85 lakh metric tonnes (LMT) in Q1 June 2020. This is about 21.5% higher than the sales of 10.57 LMT reported in Q1 June 2019.

Other than significant growth in Urea sale, Phosphatic and Potassic (P&K) fertilizers also recorded a growth of 13% during the quarter, NFL said in a statement after market hours on Friday (3 July).

Meanwhile, the company sold 5.30 LMT of fertilizers in June 2020, up 15.5% compared with 459 LMT sold in the same month last year.

Shares of National Fertilizers fell 2.53% at Rs 30.8 on BSE.

NFL is engaged in producing and marketing urea, neem coated urea, bio-fertilizers (solid and liquid) and other allied industrial products. As of 31 March 2020, the Government of India holds 74.71% stake in the company.

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National Fertilizers has achieved highest-ever fertilizer sale of 12.85Lakh MT in first quarter (April-June) of this financial year. This is about 21.5% higher than the sales of 10.57 LMT made by company in the first quarter of 2019-20. 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 LMT of fertilizers, up by 15.5% than the 4.59 LMT sold in the same month previous year.

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National Fertilizer will hold a meeting of the Board of Directors of the Company on 30 June 2020.

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