NFL net loss widens to Rs 77 crore in Q1

Company posted net loss of Rs 52 cr in the year-ago period

State-owned National Fertilisers' net loss has widened to Rs 77.03 crore for the first quarter ended on June 30 due to fall in sales.

The company had posted a net loss of Rs 52.01 crore in the year-ago period.

Total income declined to Rs 1,548.74 crore during the April-June period of the current fiscal from Rs 1,807.65 crore in the same period last year, the company said in a BSE filing.

The performance of the company was poor as net sales decreased to Rs 1,547.87 crore from Rs 1,806.66 crore during the period under review.

National Fertilisers has two manufacturing plants each in Punjab and Madhya Pradesh and one in Haryana with combined capacity of 3.5-3.7 million tonnes per annum.

Shares of the company were down by 2.04% at Rs 19.25 on the BSE in the late afternoon trade.