National Fertilizers Ltd. · NSE:NFL
National Fertilizers — Q3 FY2026 Earnings Presentation
23 slides from National Fertilizers's earnings presentation, 2025
Slide 1: National Fertilizers Limited Investor's Presentation
National Fertilizers Limited Investor’s Presentation Quarter and Nine months ended December 31st 2025 1
Slide 2: A Navratna Central Public Sector Enterprise
A Navratna Central Public Sector Enterprise 2nd largest Urea Player in India Largest Urea Player among PSUs Government of India 18.31 6.98 Institutional Investor 74.71 Non Institutional/Individual Investor 2
Slide 3: Vision and Mission
Vision “To be a leading Indian company in fertilizers and beyond with commitment to all stakeholders.” Mission Committed to serve Farming + Timely supply of Fertilizers and + Quality Assurance Community & Other Customers other services Safety Measures + Ethical Practices + Professionalism Energy Con
Slide 4: Plants strategically located in key crop producing states
NFL has its plants strategically located in key crop producing states Nangal, Punjab All plants ISO-9001-2008, ISO-14001-2004 & OHSAS-18001 certified Urea Capacity (RAC) 4.79 LMT p.a. Nitric Acid Capacity 182820 MT p.a. RFCL (JV), Telangana Ammonium Nitrate Capacity 1,18,800 MT p.a. 100% of RFCL Ure
Slide 5: Presence in 21 states & 3 UT
Noida Central Marketing Chandigarh Office Zonal Marketing Office 4000+ Dealers Pan India Distribution Network Lucknow Zonal Marketing Office Mundra (Gujarat) Port* Tuna (Gujarat) Bhopal Port* Zonal Marketing Office Kandla (Gujarat) Port* Paradeep (Odisha) Port* Pipavav (Gujarat) Port* States under Z
Slide 6: Multi-product Company with an established Brand – Kisan
Multi-product Company with an established Brand – “Kisan” All Fertilizers & Agri Input Offerings Traded Products Bharat Urea Bharat DAP Bio Fertilizers • DAP • Calcium Nitrate • MOP • Compost • NPK • Certified Seeds • NPS, APS • Agrochemicals • WSF • Seaweed Granule • Potash from Molasses • Fermente
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Slide 8: Production and capacity utilization
Capacity utilization w.r.t. RAC in % 114.96% 114.19% 121.81% 109.06% 117.59% (LMT) TOTAL 39.35 VIJAIPUR-II 37.14 36.89 37.99 35.23 VIJAIPUR- I 11.87 11.26 BATHINDA 11.61 11.23 9.54 9.74 10.43 10.50 10.41 9.66 PANIPAT 5.50 4.72 5.83 5.28 5.77 5.15 5.30 5.70 4.68 5.83 NANGAL 5.14 5.21 5.45 5.32 5.47 2
Slide 9: Total sales volume by year
80 70 11.58 9.01 Indigenous Traded 60 0.50 Fertilizers 13.57 4.57 50 17.53 19.01 21.28 12.69 15.27 Imported Traded 40 Fertilizers 30 Own Manfactured 20 37.52 40.18 39.86 Fertilizers (Urea, 36.88 34.76 Bio, Bentonite 10 Sulphure) 0 2024-25 2023-24 2022-23 2021-22 2020-21 Year 2024-25 2023-24 2022-23
Slide 10: Profit Before Tax and Profit After Tax
Rs. Crore Profit Before Tax Profit After Tax 700 600 610 500 456 400 300 344 250 200 100 145 104 76 89 65 108 (Rs. Crore) 0 2024-25 2023-24 2022-23 2021-22 2020-21 10
Slide 11: EPS, Current Ratio, ROCE, Debt-Equity Ratio
Earning Per Share (Rs. 10/- each) (No. of Times) Current Ratio (Rs./Share ) 1.20 10 9.30 1.15 1.15 8 1.10 1.11 6 1.05 1.06 1.05 5.09 4 1.00 1.01 1.32 2 2.21 0.95 1.55 0 0.90 2020-21 2021-22 2022-23 2023-24 2024-25 2020-21 2021-22 2022-23 2023-24 2024-25 Return on Capital Employed Debt-Equity Ratio (
Slide 12: Performance for the Nine Months Ended December
Y = Us PERFORMANCE FOR THE NINE MONTHS ENDED ee DECEMBER 2025
Slide 13: Nine months production and sales volumes
30.00 25 20 25.00 15 20.00 10 19.46 22.62 28.60 27.34 5 15.00 0 10.00 NINE MONTHS ENDED NINE MONTHS ENDED NINE MONTHS ENDED NINE MONTHS ENDED FY25 FY26 FY25 FY26 (LMT) 50 45 40 35 48.06 49.96 30 25 20 NINE MONTHS ENDED FY25 NINE MONTHS ENDED FY26 13
Slide 14: Financial Performance – Nine Months
FINANCIAL PERFORMANCE Rs. In Crore NINE MONTHS ENDED NINE MONTHS ENDED DEC 25 DEC 24 Revenue from Operations 17166.99 15337.99 Profit/(Loss) Before Tax 76.01 (25.80) Profit/ (Loss) After Tax 51.46 (21.07) 14
Slide 15: Performance for Q3 FY2026
y Val UH Us Fee tind PERFORMANCE FOR THE ee Q-3 FY2026
Slide 16: Q3 production and sales volumes
12 12 10 10 8 8 6 11.24 6 9.62 9.71 4 8.59 4 2 2 0 0 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 (LMT) 22 18 14 20.95 10 18.21 6 2 Q3 FY25 Q3 FY26 16
Slide 17: Financial Performance – Q3 FY26
FINANCIAL PERFORMANCE Rs. In Crore Q3 FY26 Q3 FY25 Revenue from Operations 6869.75 5855.85 Profit/(Loss) Before Tax 131.07 41.92 Profit/ (Loss) After Tax 93.77 30.90 17
Slide 18: Energy Consumption
ENERGY CONSUMPTION (Gcal/MT OF UREA) Actual Energy Energy Norms for Units Nine months ended 2025-26 Dec 25 18
Slide 19: Segment Results
SEGMENT RESULTS of!
Slide 20: Segment results by product category
(9) Manufactured Fertilizers (3)% Manufactured Fertilizers (Urea, Bentonite Sulphur,Bio (Urea, Bentonite 1193 fertilizers) Sulphur,Bio fertilizers) 7% Manufactured Chemicals 99 89 Manufactured Chemicals (Industrial Products, Agro 30% 27% (Industrial Products, 9497 Chemicals, etc) Agro Chemicals, etc
Slide 21: Consolidated Accounts
CONSOLIDATED ACCOUNTS of!
Slide 22: Standalone and Consolidated results
STANDALONE CONSOLIDATED Particulars NINE MONTHS NINE MONTHS NINE MONTHS NINE MONTHS ENDED DEC 25 ENDED DEC 24 ENDED DEC 25 ENDED DEC 24 Revenue from operations 17166.99 15337.99 17166.99 15337.99 Total Expenses 16959.88 15242.89 16959.88 15242.89 Profit/(Loss) from operations before other income, 20
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