National Fertilizers Limited – Q1 FY26 Results Summary
Announcement Date: 14 August 2025

Financial Highlights (₹ Lakhs):

• Standalone Revenue: ₹353,417 (↓ YoY from ₹509,178; ↓ QoQ from ₹445,651)
• Standalone Net Loss: ₹(3,210) Lakhs vs profit of ₹9,733 Lakhs in Q4 FY25 and loss of ₹(4,133) Lakhs in Q1 FY25
• Standalone EBITDA: ₹(4,474) Lakhs; Operating Margin: (0.21)%
• Standalone EPS: ₹(0.65) vs ₹1.98 in Q4 FY25
• Consolidated Net Loss: ₹(3,944) Lakhs; EPS: ₹(0.80)
• Debt-Equity Ratio: Improved to 0.77 standalone (from 1.72 in Q1 FY25) and 0.79 consolidated
• Net Worth: Stable at approx. ₹2,700 Crore

Segment Performance:

• Manufactured Fertilizers: Revenue ₹288,457 Lakhs; segment loss ₹(3,685) Lakhs
• Manufactured Chemicals and Others segments remained profitable
• Traded Imported Fertilizers segment reported a loss of ₹(1,303) Lakhs

Management Commentary & Other Notes:

• Subsidy income of ₹2,549 Lakhs recognized on DAP fertilizers per Department of Fertilizers guidelines for Kharif 2025 shipments
• Board recommended final dividend of ₹1.56 per share (15.6%) for FY25, subject to approval
• No defaults or deviations on loans or debt securities; credit ratings stable (ICRA A1+, AA/Stable)
• Consolidated results include JV losses of ₹734.49 Lakhs impacting profitability
• No reported capex, acquisitions, disposals, or restructuring activities

Auditor’s Opinion:

• Independent auditor issued an unmodified review report with emphasis on subsidy income recognition; no qualifications or concerns

Outlook:

• No explicit guidance provided; monitoring of Q2 FY26 results recommended for recovery trends and subsidy impact

This summary captures key financial metrics, segment results, balance sheet changes, management insights, and auditor commentary relevant for investment analysis.