Fertiliser firms to post healthy FY21 profits on robust Q1 off-takes: Icra

Icra stated that in the initial phase of the lockdown, dispatches were affected due to the shortage of labour and shutdown of a few fertiliser plants located in the integrated chemical complexes

Fertiliser companies are expected to register healthy profitability in the current financial year due to the robust fertiliser off-take by the farmers in the first quarter coupled with strong growth visible across segments, according to a report.

The urea fertiliser sales volume witnessed an annual growth of 69 per cent, Di-Ammonium Phosphate (115 per cent), Complexes (120 per cent), Muriate of Potash (70 per cent) and Single Super Phosphate (43 per cent), Icra Ratings said in a report.

Icra in its report stated that in the initial phase of the lockdown, dispatches were affected due to the shortage of labour and shutdown