The capacity utilization level during the period under review stood at 122%.

“The company has also made record production of industrial products,” NFL said.

On sales front, the company achieved total fertilizer sale of over 66.72 lakh MT (LMT). 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 company has also achieved a record sale of its agrochemical segment during 2022-23. On industrial products front, the company has recorded best-ever sale during 2022-23, an increase of 39% over the last year.

National Fertilizers is engaged in producing and marketing urea, neem coated urea, bio-fertilizers (solid and liquid) and other allied industrial products. As of 31 December 2022, the Government of India held 74.71% stake in NFL.

The company reported consolidated net profit of Rs 554.03 crore in Q3 FY23 as against a net loss of Rs 23.08 crore in Q3 FY22. Revenue from operations soared 99.1% year on year (YoY) to Rs 10,137.34 crore in the quarter ended 31 December 2022.

The scrip rose 2.55% to end at Rs 74.30 on the BSE on Monday.

The domestic bourses are shut today (4 April 2023) on account of Mahavir Jayanti.