National Fertilizers shares hit their new 52-week high of Rs 35.55 on Tuesday after the company on Monday reported 131.26 per cent rise in net profit figures at Rs 31.44 crore for the quarter ended March 31, 2016. It has posted a net loss of Rs 100.57 crore in the corresponding quarter a year ago.
At 11.43 pm, shares of National Fertilizers were trading 2.84 per cent up at Rs 34.40. The scrip opened at Rs 35.30 and has touched a high and low of Rs 35.55 and Rs 34.30, respectively, in trade so far.
Later, the scrip closed 2.69 per cent up at Rs 34.35.
Net sales of the company jumped 5.48 per cent year-on-year (yoy) to Rs 1,640.15 crore in the quarter under review as compared to Rs 1,554.97 crore in the same quarter last year.
During Jan-March period, operating profit of the company surged 438.98 per cent yoy to Rs 141.93 crore.
The company’s overall expenses remained lower at Rs 1,512.67 crore as against Rs 1,607.09 crore.
The comany has five gas-based urea plants — Nangal and Bathinda in Punjab, Panipat in Haryana and two plants at Vijaipur in District Guna, Madhya Pradesh. The company has an annual installed capacity of 35.68 lakh tonnes and is the second-largest producer of urea in the country after IFFCO.