National Fertilizers posts weak Q2FY17 numbers
DSIJ Intelligence / 29 Nov 2016
National Fertilizers declared its Q2FY17 results on Tuesday after market hours. The company’s revenue decreased 15.86 per cent to Rs 1902 crore in Q2FY17 as compared to the same period in the previous fiscal.
National Fertilizers declared its Q2FY17 results on Tuesday after market hours. The company’s revenue decreased 15.86 per cent to Rs 1902 crore in Q2FY17 as compared to the same period in the previous fiscal. Its EBITDA reduced 11.7 per cent to Rs 139 crore in Q2FY17 on a yearly basis.
However, National Fertilizers’ EBITDA margin expanded 30 basis points to 7.3 per cent in Q2FY17 as compared to the same period in the previous financial year. The company’s net profit dropped 10.7 per cent to Rs 46.5 crore in Q2FY17 on a yearly basis.
National Fertilizers’ revenue decreased 14.04 per cent to Rs 3278 crore in H1FY17 as compared to the same period in the previous financial year. The company’s EBITDA increased 0.91 per cent to Rs 224 crore in H1FY17 on a yearly basis. Its net profit rose 9.6 per cent to Rs 45.91 crore in H1FY17 as compared to the same period in the previous fiscal.
The share price of National Fertilizers increased 1.56 per cent on the bourses and closed at Rs 32.45 on intra-day basis.
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