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In an interview to CNBC-TV18, Manoj Mishra, CMD, NFL spoke about the results and his outlook for the company.
NFL plans to increase di-ammonium phosphate (DAP) production capacity by 1 million tonnes from current 2 lakh tonnes in the next couple of years, says CMD Manoj Mishra of NFL.
The company is on course to achieve previous year's record production of 38 lakh tonne and Manoj Mishra, CMD of NFL expects to better that number this year.
Speaking to CNBC-TV18, Manoj Mishra, CMD of NFL said that the gas pooling policy has led to a level-playing field and the decline in financial costs have led to higher profitability in this quarter.
Manoj Mishra, CMD, NFL in an interview to CNBC-TV18 said lower profits were mainly due to distortion in deferred tax; however he expects to clock a profit before tax of around Rs 150 crore in FY16.
In an interview with CNBC-TV18, PK Kaul, Director, NFL discussed the company's fourth quarter earnings.
National Fertilizers‘ third quarter net profit jumped 104 percent at Rs 47 crore against Rs 23 crore, Y-o-Y. The urea business EBIT rose 101 percent to Rs 175.5 crore versus Rs 87 crore.
Discussing company results, Neeru Abrol, CMD, National Fertilisers, said the conversion of three units to gas-based plants helped in improving earnings and expects plants like Nangal, Panipat to see 100 percent utilisation in H2.
In an interview with CNBC-TV18, VK Sharma, CMD, National fertilizer gave his perspective on the quarter gone by and the road ahead.