National Fertilizers Ltd. · NSE:NFL
National Fertilizers — Q2 FY2021-22 Earnings Presentation
64 slides from National Fertilizers's earnings presentation, November 2021
Slide 1: Financial Performance for the Quarter / Half Year Ended September 21
FINANCIAL PERFORMANCE FOR THE QUARTER / HALF YEAR ENDED SEPTEMBER 21
Slide 2: Brief Overview
BRIEF OVERVIEW Introduction • Incorporated on 23rd August, 1974. • Share Capital details as on 30.09.2021. Authorized capital : 1,000.00 crore. Paid up capital : 490.58 crore. Net-worth : 2,222.86 crore. Shareholding Pattern as on 30.09.2021: Government of India 74.71% Financial institutio
Slide 3: Brief on Urea Manufacturing Activities
BRIEF ON UREA MANUFACTURING ACTIVITIES UREA Vijaipur-I Vijaipur-II Bathinda Panipat Nangal ANNUAL CAPACITY (Lakhs Metric Ton) – 8.646 8.646 5.115 5.115 4.785 32.31 LMT (Revised Assessed Capacity) Annual Capacity after Urea Capacity 9.999 10.662 5.115 5.115 4.785 Enhancement Projects at Vijaipur-I &
Slide 4: Brief on Other Manufacturing Activities
BRIEF ON OTHER MANUFACTURING ACTIVITIES Other Manufacturing:- (Industrial Products, Bentonite Sulphur Bio-Fertilizers etc.) : S. No. Products Located in No. of Annual Capacity of each streams stream (MT) Industrial Products 1. Nitric acid Nangal 2* 91410 2. Ammonium Nitrate Nangal 1 118800 3. Sodium
Slide 5: Plant Locations, Marketing Territory, Port handling & JV
Plant Locations, Marketing Territory, Port handling &JV 5
Slide 6: 5 Year's Growth Trends
\ W/ 1 Uh Us Va Dh Ue Yo SM 5 YEAR’S GROWTH & TRENDS
Slide 7: Sale of All Products
Sale of All Products SL .No. Particulars 2016-17 2017-18 2018-19 2019-20 2020-21 1 Sale of Urea (LMT) 37.58 39.16 38.98 36.08 39.65 2 Bio-Fertilizers (LMT) 0.005 0.005 0.006 0.007 0.005 3 BS (LMT) - - 0.07 0.08 0.20 4a Sale of Traded Goods:- (Fertilizers) 1. DAP (LMT) 2.14 3.28 5.04 6.85 5.09 2. MOP
Slide 8: Production of Urea
Production of Urea (LMT) Plants 2016-17 2017-18 2018-19 2019-20 2020-21 NANGAL 5.02 5.43 5.41 5.75 5.47 PANIPAT 5.43 5.60 5.74 5.52 5.83 BATHINDA 5.68 5.63 5.84 5.63 5.77 VIJAIPUR- I 10.58 10.50 10.28 9.84 9.66 VIJAIPUR-II 11.39 10.95 11.32 10.53 11.26 TOTAL 38.10 38.10 38.59 37.27 37.99 Capacity ut
Slide 9: On-Stream Days
On-Stream Days (No. of Days) 2016-17 2017-18 2018-19 2019-20 2020-21 Units Annual Annual Annual Annual Annual 316 334 331 349 334 NANGAL 334 342 347 335 356 PANIPAT 349 342 355 344 354 BATHINDA 349 346 343 330 328 VIJAIPUR- I 338 320 348 329 347 VIJAIPUR-II 9
Slide 10: Energy Consumption (Gcal/MT)
ENERGY CONSUMPTION (GCAL/MT) Units FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 Nangal 7.012 6.819 6.728 6.722 6.750 Panipat 7.112 6.762 6.700 6.956 6.877 Bathinda 6.924 6.859 6.719 6.864 6.665 Vijaipur I 5.784 5.753 5.885 5.950 5.782 Vijaipur II 5.364 5.372 5.438 5.527 5.482 10
Slide 11: Financial Performance at a Glance
FINANCIAL PERFORMANCE AT A GLANCE (Rs. crore) SL .No. Particulars 2016-17 2017-18 2018-19 2019-20 2020-21 1 Production (Urea) (LMT) 38.10054 38.10250 38.59 37.27 37.99 2 Capacity Utilization w.r.t. RAC (Urea %) 117.90 117.94 119.46 115.35 117.59 3 Sale of Urea (LMT) 37.58 39.16 38.98 36.08 39.65 4 S
Slide 12: Financial Performance at a Glance
FINANCIAL PERFORMANCE AT A GLANCE (Rs. crore) SL. No. Particulars 2016-17 2017-18 2018-19 2019-20 2020-21 20 Net Fixed Assets 4109 4144 4127 4382 4478 21 Working Capital 1424 981 1144 706 552 22 Long Term Borrowings 981 171 341 769 752 STL (without SBA) 1989 2695 4670 6119 1135 Special Banking Arran
Slide 13: Sale of All Fertilizers (Quantity) LMT
Sale of All Fertilizers (Quantity ) LMT Imported All Fertilizers Fertilizers, Compost, Bio- 9.27 9.10 Fertilizers & 60.00 6.27 Other Traded 50.00 3.93 Goods 2.20 10.45 Imported Urea Quantity in LMT 40.00 3.70 11.85 (Govt. A/c) 30.00 20.00 37.58 39.16 38.98 36.08 39.65 Urea 10.00 Manufactured 0.00 FY
Slide 14: Sale of Urea Manufactured (Quantity) LMT
Sale of Urea Manufactured (Quantity ) LMT Sale of Urea (Manufactured) 42.00 39.16 38.98 39.65 39.00 37.58 36.08 36.00 Quantity in LMT 33.00 30.00 27.00 24.00 21.00 18.00 15.00 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Period 14
Slide 15: Sale of Urea (Manufactured + Traded)
Sale of Urea (Manufactured + Traded(Govt. a/c) (Quantity ) LMT Sale of Urea (Manufactured+Traded) 55.00 50.00 45.00 Sale of Urea 3.70 10.45 Quantity in LMT 40.00 11.85 (Traded) 35.00 30.00 25.00 37.58 39.16 38.98 36.08 39.65 Sale of Urea 20.00 (Manufactured) 15.00 10.00 FY 16-17 FY 17-18 FY 18-19 FY
Slide 16: Sale Value of All Fertilizers
Sale value of All Fertilizers ( ) Sale Value of all Fertilizers 13000 12555.90 11976.53 Sale Values in Rs Crore 12000 11190.72 11000 10000 9000 8733.61 8000 7410.93 7000 6000 5000 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Period Note:-The decrease in sales value of all fertilizers of current pe
Slide 17: EBITDA
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) ( ) EBITDA 1200 1013.24 1000 913.62 858.65 Value in Rs. crore 800 600 555.21 535.86 400 200 0 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Period 17
Slide 18: EBITDA to Gross Sale %
EBITDA TO GROSS SALE % EBITDA TO GROSS SALE % 9.00% 8.30% 7.93% 8.00% 7.26% 7.00% 6.72% 6.03% 6.00% 5.00% Value in 4.00% 3.00% 2.00% 1.00% 0.00% FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Period 18
Slide 19: Subsidy Accrued vs Subsidy Outstanding
Subsidy accrued V/S Subsidy outstanding ( ) Subsidy Claimed V/s subsidy outstanding after receipt of SBA 9000 8295.68 8111.36 8000 6897.42 7000 Subsidy Claimed 5934.55 crore 6000 5774.97 4958.15 5110.17 5000 4000 3501.34 Value in Subsidy 2879.93 Outstanding 3000 2162.69 (Net of SBA) 2000 1000 0 FY 1
Slide 20: Finance Cost
Finance cost ( ) Finance cost 450 405.48 400 350 316.36 Value in Rs. crore 291.23 300 250 189.84 189.57 200 150 100 50 1 0 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Period Finance cost has decrease by Rs 114.25 crore as compared to CPLY (28.18%) due to: - lower interest rates (4.46% as compar
Slide 21: Profit Before Tax (PBT)
Profit Before Tax (PBT) ( ) PBT 500 463.37 400 324.88 334.83 343.46 crore 300 200 100 Value in 0 -100 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 -200 -300 -252.71 Period PBT of Rs 136.14 crore is worked out before exceptional item of Rs 388.85 crore. After considering exceptional item of Rs 38
Slide 22: Profit After Tax (PAT)
Profit After Tax (PAT) ( ) Profit After Tax (PAT) 400 298.45 300 249.63 Value in Rs. crore 208.16 212.77 200 100 0 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 -100 -200 -171.01 Period 22
Slide 23: Earning Per Share (EPS)
Earning Per Share (EPS) ( ) Earning Per Share (EPS) 8 6.08 6 5.09 4.24 4.34 4 Amount In Rs. 2 0 FY 16-17 FY 17-18 2018-19 2019-20 2020-21 -2 -4 -3.49 23
Slide 24: Short Term Borrowings
Short Term Borrowings ( ) Short term borrowings including SBA* 8000 7333.37 7000 6122 6000 Value in Rs. Crore 5000 4000 3154 2890 3000 2000 1135.11 1000 0 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Period *Borrowings at concessional interest rate arranged by GoI through special banking arrangement
Slide 25: Performance for the Quarter Ended September-2021
PERFORMANCE FOR THE QUARTER ENDED SEPTEMBER-2021 [The Unaudited Quarterly Results for September 2021 approved by Board in its meeting held on 12.11.2021] 25
Slide 26: Performance Highlights for Quarter Ended 30.09.2021
PERFORMANCE HIGHLIGHTS FOR QUARTER ENDED 30.09.2021 Production of Urea of 7.97 LMT [CPLY 9.11 LMT]. Capacity utilization of 98.72 % of RAC. Sale of total Urea including Urea imported on Govt. A/c and RFCL Urea 11.75 LMT [CPLY 12.52 LMT]. Sale of all fertilizers of 14.04 LMT [CPLY 15.76 LMT].
Slide 27: Overall Performance
OVERALL PERFORMANCE ( ) Particulars Qtr. CPLY Increase/(Decrease) Sept 2021 Rs. crore % Total Revenue from Operation 3690.70 3173.96 516.74 16 Total Expenses (excluding Depreciation & 3510.61 2909.36 601.25 21 Finance Cost) Earnings before Interest, Tax Depreciation 180.09 264.60 (84.51) (32) and Am
Slide 28: Sale of Fertilizers
Sale of Fertilizers Particulars Qtr. Sept-21 CPLY Increase/(Decrease) LMT LMT LMT % Sale of Manufactured Fertilizers Urea 8.14 10.28 (2.14) (21) Bio Fertilizers and Bentonite 0.06 0.07 (0.01) (14) Sulphur Total 8.20 10.35 (2.15) (21) Sale of Traded Fertilizers Imported Urea (Govt. A/c) 2.90 2.24 0.6
Slide 29: Production & Purchase of Fertilizers
Production & Purchase of Fertilizers Particulars Qtr. Sept-21 CPLY Increase/(Decrease) LMT LMT LMT % Production Urea Production 7.97 9.11 (1.14) (13) Bio Fertilizers and Bentonite Sulphur Production 0.05 0.04 0.01 25 Total Production (A) 8.02 9.15 (1.13) (12) Purchase Imported Urea (Govt. A/c) 2.35
Slide 30: Zone wise Sale of Urea
Zone wise sale of urea (Including Imported Urea on Govt. Account and RFCL Urea) (LMT) Zonal Offices July-Sept July-Sept Increase/ 2021 2020 (Decrease) Chandigarh Zone 4.28 4.81 (0.53) Bhopal Zone 3.08 3.24 (0.16) Lucknow Zone 2.74 3.40 (0.66) Hyderabad Zone 1.65 1.07 0.58 TOTAL 11.75 12.52 (0.77)
Slide 31: Sale of DAP/MOP/APS/NPK/Compost/WSF/SSP
Sale of DAP/MOP/APS/NPK12:32:16/NPK10:26:26/COMPOST/WSF/SSP (LMT) July – Sept July – Sept Increase/ Particulars % 2021 2020 (Decrease) DAP 1.51 2.61 (1.10) (42) MOP 0.32 0.13 0.19 146 APS 0.08 0.15 (0.07) (47) NPK 12:32:16 -* 0.11 (0.11) (100) NPK 10:26:26 0.21 0.03 0.18 600 Compost 0.09 0.07 0.02 2
Slide 32: Details of Expenses for the Quarter September-2021
DETAILS OF EXPENSES FOR THE QUARTER SEPTEMBER-2021 32
Slide 33: Details of Expenses (Excluding Depreciation and Finance Cost)
Details of Expenses (Excluding Depreciation and Finance Cost) Particulars Qtr. Sept CPLY Increase/ Key reasons 21 (Decrease) Production of urea (LMT) 7.97 9.11 (1.14) Due to plant shutdown / trippings. Sale of urea (Own)(LMT) 8.14 10.28 (2.14) ( Crore) ( Crore) ( Crore) Cost of Materials 1190.68 797
Slide 34: Urea Production
UREA PRODUCTION LMT July – Sept July – Sept Increase/ Unit 2021 2020 (Decrease) Nangal 0.98 1.34 (0.36) Panipat 1.48 1.39 0.09 Bathinda 1.34 1.50 (0.16) Vijaipur I 2.67 2.01 0.66 Vijaipur II 1.50 2.87 (1.37) Total 7.97 9.11 (1.14) Production of Urea during the quarter was lower at all units except
Slide 35: On-Stream Days
On-Stream Days July – Sept July – Sept Variance with CPLY Units 2021 2020 Increase/(Decrease) NANGAL 64 84 (20) PANIPAT 89 88 1 BATHINDA 84 92 (8) VIJAIPUR- I 92 71 21 VIJAIPUR-II 48 88 (40) 35
Slide 36: Energy Consumption (Gcal/MT of Urea)
ENERGY CONSUMPTION (GCAL/MT OF UREA) Actual Actual Energy Norms for Energy Norms for Units July-Sept 2021 July-Sept 2020 2021-22* 2020-21** Nangal 6.500 7.035 7.116 6.856 Panipat 6.500 7.503 6.972 7.079 Bathinda 6.500 7.381 6.455 6.781 Vijaipur I 5.500 5.864 5.775 5.866 Vijaipur II 5.500 5.500 6.160
Slide 37: Break Up of Total Finance Cost for Qtr Sept 2021
BREAK UP OF TOTAL FINANCE COST FOR QTR SEPT 2021 Rs. Crore The finance cost for the Qtr ended Sept-2021 was Rs. 33.67 crore as compared to Rs. 78.51 crore during CPLY as per details below: Particulars Qtr. Sept 21 CPLY Increase/ (Decrease) Interest on Long Term Loans 8.58 2.16 6.42 Total Interest on
Slide 38: Analysis of Finance Cost on Working Capital for Qtr Sept 2021
ANALYSIS OF FINANCE COST ON WORKING CAPITAL FOR QTR SEPT 2021 Increase/ Particulars Qtr. Sept-21 CPLY (Decrease) Interest on working capital Loans 11.56 48.02 (15.36) (excluding interest on trading activities) Interest on Trading Activities 10.80 25.47 (17.60) Other borrowing costs (CP related charg
Slide 39: Performance for the Half Year Ended September-2021
PERFORMANCE FOR THE HALF YEAR ENDED SEPTEMBER-2021 [The Unaudited Half Yearly Results for September 2021 approved by Board in its meeting held on 12.11.2021] 39
Slide 40: Performance Highlights
PERFORMANCE HIGHLIGHTS Production of Urea of 17.19 LMT [CPLY 18.49 LMT],i.e. decrease of 1.30 LMT. Capacity utilization of 106.43% of RAC. Sale of total Urea 21.42 LMT [CPLY 23.39 LMT] including Urea imported on Govt. A/c. & RFCL Urea, i.e. decrease of 1.97 LMT. Sale of DAP/MOP/APS/NPK 12:32:1
Slide 41: Overall Performance
OVERALL PERFORMANCE (Rs. crore) Particulars HY ended CPLY Increase/(decrease) Sept. 2021 Rs. crore % Total Revenue from Operations 6323.09 6005.80 317.29 5 Total Expenses 6046.39 5417.08 629.31 12 Earnings before Interest, Tax Depreciation 276.70 588.72 (312.02) (53) and Amortization (EBITDA) EBITDA
Slide 42: Sale of Fertilizers
Sale of Fertilizers Particulars HY ended CPLY Increase/(Decrease) Sept 21 LMT % Sale of Manufactured Fertilizers Urea 17.19 20.30 (3.11) (15) Bio Fertilizers and Bentonite 0.10 0.10 - - Sulphur Total 17.29 20.40 (3.11) (15) Sale of Traded Fertilizers Imported Urea (Govt. A/c) 3.52 3.09 0.43 14 Urea
Slide 43: Production & Purchase of Fertilizers
Production & Purchase of Fertilizers Particulars HY ended CPLY Increase/(Decrease) Sept 21 LMT % Production Urea Production 17.19 18.49 (1.30) (7) Bio Fertilizers and Bentonite Sulphur Production 0.09 0.06 0.03 50 Total Production (A) 17.28 18.55 (1.27) (7) Purchase Imported Urea (Govt. A/c) 3.80 4.
Slide 44: Zone wise Sale of Urea
Zone wise sale of urea (Including Imported Urea on Govt. Account and RFCL Urea) (LMT) Zonal Offices April-Sept April-Sept Increase/ 2021 2020 (Decrease) Chandigarh Zone 8.14 9.21 (1.07) Bhopal Zone 6.09 6.19 (0.10) Lucknow Zone 4.78 6.14 (1.36) Hyderabad Zone 2.41 1.85 0.56 TOTAL 21.42 23.39 (1.97)
Slide 45: Sale of DAP/MOP/APS/NPK/Compost/WSF/SSP
Sale of DAP/MOP/APS/NPK12:32:16/NPK10:26:26/COMPOST/WSF/SSP (Lakh MT) Apr – Sept Apr – Sept Increase/ Particulars 2021 2020 % (Decrease) DAP 1.76 3.69 (1.93) (52) MOP 0.54 0.41 0.13 32 APS 0.30 0.41 (0.11) (27) NPK 12:32:16 -** 0.25 (0.25) (100) NPK 10:26:26 0.33 0.14 0.19 136 Compost 0.20 0.11 0.09
Slide 46: Details of Expenses for the Half Year Ended September-2021
DETAILS OF EXPENSES FOR THE HALF YEAR ENDED SEPTEMBER-2021 46
Slide 47: Details of Expenses (Excluding Depreciation and Finance Cost)
Details of Expenses (Excluding Depreciation and Finance Cost) Particulars HY ended CPLY Increase/ Key reasons Sept 21 (Decrease) Production of urea 17.19 18.49 (1.30) (LMT) Sale of urea (Own) 17.19 20.30 (3.11) (LMT) ( Crore) ( Crore) ( Crore) Cost of Materials Due to increase in average price of ga
Slide 48: Urea Production
UREA PRODUCTION LMT Increase/ Unit Apr – Sept 2021 Apr – Sept 2020 (Decrease) Nangal 2.41 2.78 (0.37) Panipat 2.74 2.84 (0.10) Bathinda 2.49 2.81 (0.32) Vijaipur I 5.20 4.67 0.53 Vijaipur II 4.35 5.39 (1.04) Total 17.19 18.49 (1.30) Production of Urea during the half year ended Sep, 2021 was lower
Slide 49: On-Stream Days
On-Stream Days Units Apr – Sept 21 Apr – Sept 20 Variance with CPLY Increase/(Decrease) NANGAL 151 172 (21) PANIPAT 166 179 (13) BATHINDA 156 175 (19) VIJAIPUR- I 179 162 17 VIJAIPUR-II 137 168 (31) 49
Slide 50: Energy Consumption (Gcal/MT of Urea)
ENERGY CONSUMPTION (GCAL/MT OF UREA) Energy Norms for First Energy Norms for Actual Actual Units HY 2021-22* 2020-21** Apr – Sept 21 Apr – Sept 20 Nangal 6.500 7.035 6.858 6.796 Panipat 6.500 7.503 6.941 6.920 Bathinda 6.500 7.381 6.492 6.900 Vijaipur I 5.500 5.864 5.703 5.815 Vijaipur II 5.500 5.50
Slide 51: Break Up of Total Finance Cost for HY Ended Sept 2021
BREAK UP OF TOTAL FINANCE COST FOR HY ENDED SEPT 2021 Rs. Crore The finance cost for the half year ended Sept-2021 was Rs. 61.14 crore as compared to Rs. 180.24 crore during CPLY as per details below: Particulars HY ended CPLY Increase/ Sept-21 (Decrease) Interest on Long Term Loans 14.09 4.75 9.34
Slide 52: Analysis of Finance Cost on Working Capital for HY Ended September 2021
ANALYSIS OF FINANCE COST ON WORKING CAPITAL FOR HY ENDED SEPTEMBER 2021 HY ended Increase/ Particulars CPLY Sept -21 (Decrease) Interest on working capital Loans (112.57) 21.71 134.28 (excluding interest on trading activities) Interest on Trading Activities 20.20 34.55 (14.35) Other borrowing costs
Slide 53: Profit Variance Analysis for HY Ended 30th September 2021
PROFIT VARIANCE ANALYSIS FOR HY ENDED 30th SEPTEMBER 2021 Company has earned Profit Before Tax of Rs 69.62 crore during the half year ended September-21 as against Profit Before Tax of Rs 269.02 crore during CPLY i.e. decrease in profit by Rs 199.40 crore. PBT has decreased mainly due to: 1. Past pe
Slide 54: Interest Coverage Ratio (ICR) & Debt Service Coverage Ratio (DSCR)
INTEREST COVERAGE RATIO (ICR) & DEBT SERVICE COVERAGE RATIO (DSCR) Particulars Unit HY ended CPLY Sept 21 Cash available for debt service Crore 195.47 512.44 (PBT + Depreciation + Finance cost) Finance Cost Crore 61.14 180.24 Interest Coverage Ratio (ICR) Times 3.20 2.84 Finance Cost (including Loan
Slide 55: Debt to Equity Ratio
DEBT TO EQUITY RATIO S. Particulars As on As on No. 30th Sept 30th Sept 2020 2021 1 Long term Borrowings 739.77 704.31 2 Short term Borrowings 2225.98 5356.09 3 Total Borrowings 2965.75 6060.40 4 Net worth 2222.86 2117.09 5 Total Debt : Equity ratio 1.33 2.86 (3 divided by 4) 6. Long-term Debt: Equi
Slide 56: Segment Results for HY Ended Sept 2021
SEGMENT RESULTS FOR HY ENDED SEPT 2021 56
Slide 57: Segment Results
SEGMENT RESULTS Particulars HY Sept 2021 HY Sept 2020 Segment Revenue Own Fertilizers (Urea, BS and Bio-fertilizers) 4374.28 4207.14 69.18% 70.05% Fertilizer Trading 1698.07 1715.45 26.85% 28.56% Other Products 250.74 83.21 3.97% 1.39% Total 6323.09 6005.80 Segment Results Own Fertilizers (Urea, BS
Slide 58: Sale Breakup Segment wise
Sale Breakup Segment wise-Urea/Traded goods/Industrial Product & Others Product & Services (Value & % Sale) HY-Sept-2021 HY-Sept-2020 Other Products & Other Fertilizer services, ₹ Fertilizer Products & Trading , ₹ 250.74, Trading , ₹ services, ₹ 1,698.07, 3.97% 1,715.45, 83.21, 1.39% 26.86% 28.56% O
Slide 59: Consolidated Accounts
CONSOLIDATED ACCOUNTS 59
Slide 60: Consolidated Accounts
CONSOLIDATED ACCOUNTS The Consolidated Financial Statements are prepared in accordance with the principles and procedures for the preparation and presentation of consolidated accounts as set out in the accounting standards (Ind-As 28) as prescribed under Section 133 of the Companies Act, 2013. The
Slide 61: Consolidated Accounts Rs. crore
CONSOLIDATED ACCOUNTS Rs. crore STANDALONE CONSOLIDATED Particulars HY Sep 21 HY Sep 20 HY Sep 21 HY Sep 20 Revenue from operations 6323.09 6005.80 6323.09 6005.80 Total Expenses 6210.81 5572.36 6210.81 5571.93 Profit/ (Loss) from operations before other 112.28 433.44 112.28 433.87 income, finance c
Slide 62: New Projects and Other Activities
NEW PROJECTS AND OTHER ACTIVITIES 62
Slide 63: Projects and Other Activities Status
Projects and Other Activities status Company has contributed Rs. 491.46 crore upto 30.04.2021 towards equity in its JV Company (RFCL). Company has entered into a manpower management consultancy agreement with RFCL for a period of 5 years which includes recruitment and training of manpower for RF
Slide 64: Thank You
THANK YOU
National Fertilizers — Q2 FY2021-22 Earnings Presentation on 6ix