National Fertilisers Q4 net loss widens to Rs 101 crore

NEW DELHI: State-run National Fertilisers Ltd's ( NFL) net loss widens to Rs 100.57 crore in the fourth quarter ended March 31, due to fall in sales.

The company had clocked a net loss of Rs 9.80 crore in the same period in fiscal year 2013-14.

Net sales during March quarter dipped to Rs 1,554.97 crore from Rs 1,973.25 crore in the same quarter previous year.

For the full fiscal, the company reported a net profit of Rs 26.24 crore. In 2013-14 fiscal it has posted a net loss of Rs 89.71 crore.

NFL has five gas-based urea plants viz Nangal & Bathinda in Punjab, Panipat in Haryana and two plants at Vijaipur in District Guna, Madhya Pradesh.

The company has a total annual installed capacity of 35.68 lakh tonnes and is the second largest producer of urea in the country.