Net profit of National Fertilizer declined 50.62% to Rs 52.89 crore in the quarter ended December 2020 as against Rs 107.11 crore during the previous quarter ended December 2019. Sales declined 22.45% to Rs 2938.69 crore in the quarter ended December 2020 as against Rs 3789.17 crore during the previous quarter ended December 2019.

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National Fertilizer announced that the Department of Investment andPublic Asset Management (DIPAM), Ministry of Finance, Government of India has intimated regarding issue of RFP for engagement of Legal Advisors, Merchant Bankers and Selling Brokers for the Disinvestment of 20% paid up equity capital in National Fertilizers (NFL) out of Government of India's shareholding through the Offer for Sale by promoters through the Stock Exchanges method in the domesticmarket.

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National Fertilizer will hold a meeting of the Board of Directors of the Company on 12 February 2021.

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The company successfully maintained its operations during constraints posed by COVID-19, it added. The plants at Nangal and Panipat achieved their ever best urea production during Oct-Dec 2020 period. The Nangal plant while increasing production levels at plant also achieved ever lowest quarterly energy of 6.602 GCal/MT urea against previous best of 6.615 GCal/MT urea.

The company through meticulous planning worked past the disruptions caused by COVID-19 and 'Rail Roko' agitation in Punjab and Haryana.

NFL has been increasing its non-urea business also. In Q3 FY21, NFL produced ever highest quantity of 4,981 MT of bentonite sulphur at its Panipat plant.

NFL is engaged in producing and marketing urea, neem coated urea, bio-fertilizers (solid and liquid) and other allied industrial products. As of 30 September 2020, the Government of India owned 74.71% stake in the company.

In the past one year, the stock has gained 52.42% while the benchmark S&P BSE Sensex has added 15.95% during the same period.

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