Income from operations came down to Rs 2,331.84 crore in the October-December period of the current fiscal from Rs 2,482.80 crore in the year ago period, the company said in a regulatory filing
Rajat Bose of rajatkbose.com advises selling Kaveri Seeds Company and Vesuvius.
Rajat Bose of rajatkbose.com is of the view that Chambal Fertiliser may touch Rs 68.80.
National Fertilizers has reported a sales total income from operations of Rs 2,255.77 crore and a net profit of Rs 54.10 crore for the quarter ended Sep '15
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.
The company had clocked a net profit of Rs 61.75 crore in the year ago period. The total income from operations declined to Rs 2,255.77 crore in the July-September quarter from Rs 2,323.63 crore in the year ago period, as per company's regulatory filing.
National Fertilizers has reported a standalone total income from operations of Rs 1,547.14 crore and a net loss of Rs 12.79 crore for the quarter ended Jun '15
The company had posted a net profit of Rs 18.02 crore in the same quarter last year, it said in a BSE filing. Total sales fell by 28.40 percent to Rs 1,552.81 crore in the April-June period of this fiscal from Rs 2,168.77 crore in the year-ago period.
National Fertilizers has reported a standalone total income from operations of Rs 1,556.28 crore and a net loss of Rs 100.57 crore for the quarter ended Mar '15
The company had clocked a net loss of Rs 9.80 crore in the same period in fiscal year 2013-14.
In an interview with CNBC-TV18, PK Kaul, Director, NFL discussed the company's fourth quarter earnings.
Shares of Rashtriya Chemicals and Fertilizers surged 10.26 percent, National Fertilizers (9.26 percent), Chambal Fertilisers & Chemicals (5.57 percent) and Gujarat State Fertilizers & Chemicals (4.63 percent) on the BSE.
The government currently holds 89.93 percent stake in the state-run trading giant and the stake sale would help the company meet Sebi's minimum public shareholding norm. Market regulator Sebi has made it mandatory to have a minimum public holding of 25 percent in all PSUs.
Investors lapped up shares of fertiliser companies on Wednesday after the Union Cabinet yesterday approved gas pooling for 30 urea manufacturing units in the country. Fertiliser stocks rallied 3-14 percent intraday today.
Coal India | Adani Enterprises | Sun Pharma | Mangalore Chemicals | Reliance Industries | Philips India | JSW Steel | GMR Infra | GVK Power | Clariant Chemicals | Pipavav Defence | Kalpataru Power | Jaiprakash Power | Rashtriya Chemicals | HCL Tech | Biocon | eClerx Services | Gammon Infra and Bajaj Auto are stocks, which are in the news today.
Sameet Chavan of Angel Broking recommends exiting National Fertilizers on bounce.
TCS | Power Grid | Axis Bank | GAIL | Container Corporation | Suzlon Energy | DLF | Larsen & Toubro | Pipavav Defence | IOC | ONGC | Oil India | 3i Infotech | Sintex | Bosch | Aurobindo Pharma | YES Bank | Eicher Motors | JSPL | Hindalco | Jayaswal Neco | PSL | National Fertiliser and United Spirits are stocks, which are in the news today.
Fertiliser stocks like Chambal Fertiliser, FACT, National Fertiliser, RCF and GSFC gained 2-3 percent ahead of Union Budget 2015-16.
The government has also hiked freight rate by 6.3 percent for coal, 0.8 percent for iron & steel companies. However, freight rate is lowered by 1 percent for high speed diesel. The government is eyeing to rake in Rs 1.21 lakh crore in FY16 versus Rs 1.06 lakh crore in FY15.
Neeru Abrol, Chairman & Managing Director, National Fertilizers believes pooling of gas will make business more attractive and the average price could be around USD 10-12 per mmbtu.
Wipro | DLF | Suzlon Energy | Larsen and Toubro | Tata Power | Jaiprakash Associates | BHEL | Adani Enterprises | GMR Infra | SREI Infra | Eros International | NBCC | ACC | Asian Paints | Jain Irrigation | MM Forgings | Capital First | Precision Wires | JK Paper | 3i Infotech | ENIL | CARE Ratings and NALCO are stocks, which are in the news today.
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.
Bharti Airtel | Financial Technologies | Tata Motors | Pipavav Defence | NMDC | M&M | HDFC Bank | Ramco Systems | Jai Corp | JB Chemicals | Sundaram Clayton | JK Lakshmi Cement | KEC International | Aurobindo Pharma | Novartis India and National Fertilisers are stocks, which are in the news today.
The company‘s total income was at Rs 2,483 crore versus Rs 2,485.1 crore.
Idea Cellular | Max India | Motherson Sumi | ICICI Bank | Tata Teleservices | M&M Financial Services | Mahindra and Mahidnra | Yes Bank | LIC Housing Finance | Snowman Logistics | MOIL | DLF | L&T Finance Holdings | ING Vysya Bank and Panasonic Appliances are stocks, which are in the news today.