National Fertilizers FY26 net profit doubles to ₹169.65 crore
National Fertilizers Limited reported a strong improvement in its annual financial performance for FY26, with standalone net profit more than doubling to ₹169.65 crore from ₹76.26 crore in the previous year. Revenue from operations increased to ₹21,567.86 crore in FY26 from ₹19,889.52 crore in FY25. On a consolidated basis, net profit after tax for FY26 stood at ₹211.49 crore compared to ₹183.98 crore in FY25.

*this image is generated using AI for illustrative purposes only.
National Fertilizers Limited reported a strong improvement in its annual financial performance for FY26, with standalone net profit more than doubling to ₹169.65 crore from ₹76.26 crore in the previous year. The company achieved this growth on the back of higher revenue from operations, which increased to ₹21,567.86 crore in FY26 from ₹19,889.52 crore in FY25. The Board of Directors approved the audited standalone and consolidated financial statements at its meeting held on May 27, 2026.
FY26 Annual Standalone Financial Performance
The following table presents the key standalone financial metrics for FY26 compared to FY25 (all figures in ₹ crore):
| Metric: | FY26 | FY25 |
|---|---|---|
| Total Income from operations: | 21,567.86 | 19,889.52 |
| Net Profit Before Tax: | 232.67 | 104.08 |
| Net Profit After Tax: | 169.65 | 76.26 |
| Total Comprehensive Income: | 159.72 | 76.13 |
Basic and diluted earnings per share (of ₹10 each) for the full year stood at ₹3.46 compared to ₹1.55 in FY25. The statutory auditors issued an audit report with an unmodified opinion on the standalone financial results.
Quarterly Standalone Performance
For the quarter ended March 31, 2026, National Fertilizers posted a notable improvement in profitability metrics on a year-on-year basis. Standalone net profit rose to ₹1.2 billion from ₹973 million in the same quarter of the previous year, while revenue stood at ₹43.5 billion compared to ₹44.6 billion in Q4 FY25. Notably, EBITDA expanded to ₹3.2 billion from ₹2.3 billion year-on-year, with EBITDA margin improving significantly to 7.38% from 5.30% in the corresponding prior-year period. The following table summarises the quarterly standalone results (₹ in Lakhs):
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) |
|---|---|---|---|
| Total Income from operations: | 4,35,939 | 6,88,717 | 4,48,147 |
| Profit Before Tax: | 15,666 | 13,107 | 12,988 |
| Net Profit After Tax: | 11,819 | 9,377 | 9,733 |
| Basic EPS (₹): | 2.41 | 1.91 | 1.98 |
Q4 EBITDA Performance
The quarterly EBITDA metrics highlight a meaningful improvement in operational efficiency year-on-year:
| Metric: | Q4 FY26 | Q4 FY25 |
|---|---|---|
| EBITDA: | ₹3.2 billion | ₹2.3 billion |
| EBITDA Margin: | 7.38% | 5.30% |
Consolidated Financial Results
On a consolidated basis, which includes joint ventures, the company delivered stronger results. The consolidated net profit after tax for FY26 stood at ₹211.49 crore compared to ₹183.98 crore in FY25. Total income from operations for the consolidated entity was ₹21,567.86 crore for FY26 against ₹19,889.52 crore in the previous year.
| Metric: | FY26 | FY25 |
|---|---|---|
| Total Income from operations: | ₹21,567.86 crore | ₹19,889.52 crore |
| Profit Before Tax: | ₹274.51 crore | ₹211.80 crore |
| Net Profit After Tax: | ₹211.49 crore | ₹183.98 crore |
| Total Comprehensive Income: | ₹201.70 crore | ₹183.80 crore |
| Basic EPS (₹): | 4.31 | 3.75 |
The statutory auditors issued an audit report with an unmodified opinion on the consolidated financial results as well.
Historical Stock Returns for National Fertilizers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.02% | -4.55% | -4.38% | -11.94% | -30.58% | +9.32% |
What strategic initiatives will National Fertilizers pursue to sustain the operational efficiency gains that drove the FY26 EBITDA margin expansion?
How does the company plan to allocate the increased free cash flow generated by the doubled net profit, regarding capital expenditures or dividend payouts?
What are the management's volume and pricing outlooks for FY27 given the current global fertilizer demand and raw material cost trends?


































