National Fertilizer's 5.93% margin trails commodities peer median by 12.48 points
Other income of Rs 53.90 cr was a notable contributor to profit before tax of Rs 137.81 cr.
Filed 12 Aug 2026, 17:46 IST · after market close · National Fertilizer Ltd (NFL)
Key takeaways
- National Fertilizer's consolidated operating margin was 5.93%, leaving it 12.48 percentage points below the 18.41% median for 72 reported commodities peers.
- Other income of Rs 53.90 cr contributed to profit before tax of Rs 137.81 cr, making non-operating income a notable part of reported profit.
- The company reported consolidated net profit of Rs 113.38 cr and EPS of Rs 2.31 for Q1FY27.
Price around the results
Low operating margin limits earnings quality
National Fertilizer reported consolidated operating profit of Rs 266.81 cr on revenue of Rs 4,500.39 cr, implying a 5.93% operating margin. The margin was well below the 18.41% median among 72 commodities peers that had reported the same quarter. The company ranked third from the bottom on this measure.
Non-operating income supported pre-tax profit
Other income of Rs 53.90 cr was a notable contribution against consolidated profit before tax of Rs 137.81 cr. Interest of Rs 79.30 cr and depreciation of Rs 103.60 cr were further deductions between operating profit and pre-tax profit. The 17.73% tax rate resulted in net profit of Rs 113.38 cr.
No quarter-on-quarter or year-on-year trend is available
The reported quarter has no supplied sequential or year-on-year comparison, so the direction of revenue, costs and margins cannot be assessed here. The consolidated results were filed after market close, and there is no market reaction to report yet.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹4,500 cr |
| Other income | ₹54 cr |
| Expenses | ₹4,234 cr |
| Operating profit | ₹267 cr |
| Operating margin (%) | 5.93% |
| Interest | ₹79 cr |
| Depreciation | ₹104 cr |
| Profit before tax | ₹138 cr |
| Tax | ₹24 cr |
| Net profit | ₹113 cr |
| EPS (₹) | ₹2.31 |
Operating margin of 5.93% compares with a Commodities sector median of 18.41% across 72 peers that have reported Q1FY27.
What to watch
- Whether consolidated operating margin moves above 5.93% next quarter.
- Whether other income remains material relative to profit before tax of Rs 137.81 cr.
- Whether EPS moves from Rs 2.31.