New Delhi: National Fertilizers Limited (NFL) has achieved its best-ever operational performance by setting new records of production, sales, turnover and profit during the financial year 2022-23. The results of company for the financial year ended March 31, 2023 (FY 2022-23) were approved by board in its meeting on May 29.

The company registered its highest-ever profit before tax (PBT) of Rs 609.77 crore during 2022-23 as compared to corresponding period of last year (CLPY) of Rs 144.82 Crore. Net profit (PAT) during this period also peaked to Rs 456.10 crore against CPLY of Rs 108.20 crore.

Revenue from operations of company almost doubled to Rs 29,616.52 crore during this period from the earlier best of Rs 15,857.09 achieved during the financial year 2021-22.

The plants of the company operated at a capacity utilization of 122 percent during this period and produced 39.35 lakh MT of urea, which is also highest-ever. The company has also set new production and sale records of its industrial products.

The company achieved total fertilizer sale of over 66.72 Lakh MT in 2022-23, which is best-ever sales performance of the company. This also includes the highest ever urea sales of 53.70 LMT. For the first time, NFL has crossed 10 Lakh MT mark in terms of sale of P&K fertilizers.

The sales of its Agrochemical Segment also reached new high worth Rs 89 crore. On industrial products front, the company has recorded best-ever sale of Rs 974 crores during 2022-23, an increase of 39 percent over the last year.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)