National Fertilizers Limited (NFL) shares surged more than 9% in morning trade on the back of a sharp year-on-year rise in third-quarter earnings. The rally followed a robust improvement in revenue, operating performance and net profit for the quarter ended December.
On a consolidated basis, revenue rose 17.3% YoY to Rs 6,870 crore compared to Rs 5,856 crore in the corresponding quarter last year. The growth in topline was accompanied by a significant expansion in operating profitability.
EBITDA more than doubled, rising 102.7% to Rs 296 crore versus Rs 146 crore in the year-ago period. EBITDA margin improved by 180 basis points to 4.3% from 2.5% YoY, reflecting better cost efficiencies and improved operational performance.
Net profit for the quarter came in at Rs 135 crore, nearly three times higher than Rs 45.8 crore reported in the same quarter last year, indicating strong bottom-line momentum.
NFL share price movement
As of 9:53 AM (IST), National Fertilizers shares were trading sharply higher, touching an intraday high of Rs 86.68 after opening at Rs 82.10. The stock had closed at Rs 78.14 in the previous session.
During the session, the stock hit a low of Rs 82.10 and climbed as much as 9% amid heavy buying interest following the earnings announcement.
On a broader timeframe, the stock’s 52-week low stands at Rs 71.00, while the 52-week high is Rs 112.20.