National Fertilizers Q1FY27 profit hits ₹113.38 crore

Key takeaway from National Fertilizers’ Q1FY27 update

National Fertilizers Ltd (NFL) reported a sharp turnaround in the first quarter of FY27, moving from a loss to a consolidated profit. The company posted consolidated net profit after tax of ₹113.38 crore versus a loss of ₹39.44 crore in Q1FY26. Revenue from operations rose 27.3% year-on-year to ₹4,500.39 crore on a consolidated basis. NFL’s numbers also reflected support from subsidy income, including ₹1,170 crore in NEN subsidy income cited in the update. The quarter also included a dividend announcement, which is likely to be watched closely by income-focused investors. The company’s operating margin improved to 4.57% from a negative 0.42% a year ago.

Consolidated results: revenue growth and profit reversal

NFL’s consolidated revenue from operations for Q1FY27 came in at ₹4,500.39 crore, up from ₹3,534.17 crore in Q1FY26. The year-on-year growth was attributed in the results note to higher sales volumes and better subsidy realizations. Consolidated net profit after tax rose to ₹113.38 crore, reversing the prior-year loss. Earnings per share (EPS) improved to ₹2.31 in Q1FY27 compared with a loss per share of ₹0.80 in Q1FY26. The operating margin moved into positive territory at 4.57%, highlighting a stronger operating performance than the year-ago quarter. The quarter’s performance was also linked to NEN subsidy income of ₹1,170 crore.

Standalone performance: profit at ₹70.91 crore

On a standalone basis, NFL reported net profit of ₹70.91 crore in Q1FY27. This compares with a standalone net loss of ₹32.10 crore in Q1FY26, showing improvement in the core business profitability during the quarter. The provided note also lists Q1FY27 standalone revenue at ₹4,500.39 crore. Alongside the rupee figures in crores, another data point in the provided material described Q1 revenue as ₹4,500 crore, EBITDA as ₹267 crore, and net profit as ₹70.9 crore, which aligns with the standalone profit figure stated. While the quarter’s revenue number is presented across sources, the key direction is consistent: growth in revenue and a return to profitability.

What helped margins turn positive

NFL’s operating margin for Q1FY27 expanded to 4.57% from -0.42% in Q1FY26, as per the company’s disclosed metrics. The results summary links the improvement to higher sales volumes and subsidy realizations. The update also explicitly mentions ₹1,170 crore in NEN subsidy income as a support factor in the quarter. A positive operating margin, compared with a negative base, suggests better cost absorption and improved operating leverage in the reported quarter. Since the fertilizer sector’s reported performance is often influenced by subsidy timing and realizations, investors typically track these line items closely. In this quarter, the combination of higher revenue and improved margin translated into a positive net profit.

Dividend announced: ₹1.04 per share for FY26

NFL’s Board of Directors recommended a final dividend of ₹1.04 per equity share for FY26. The dividend is stated as 10.40% on the face value of ₹10 per share and is subject to shareholder approval. The record date for determining eligible shareholders has been fixed for September 14, 2026. The company expects the dividend to be paid on or before October 21, 2026. The dividend decision is disclosed alongside the quarterly results update, which is dated August 12, 2026 in the corporate actions list.

Snapshot table: Q1FY27 versus Q1FY26 (consolidated)

Key dates investors may track

The dividend process includes two specific dates disclosed in the update: the record date and the expected payment timeline. These dates matter for shareholders looking to assess eligibility and timing of payout. NFL’s corporate actions list also flags August 12, 2026 as the date for “Quarterly Results & Final Dividend,” aligning with the release of financial results and dividend recommendation.

Context: previous dividends and corporate action history

The provided corporate actions history shows that NFL has declared final dividends in earlier periods as well. It lists a final dividend of ₹1.56 per share with a date of September 22, 2025. It also lists a final dividend of ₹0.27 per share with a date of September 20, 2024. These historical disclosures provide context for the FY26 final dividend recommendation of ₹1.04 per share. Separately, the material states that NFL was established in 1974 and operates as a public sector undertaking (PSU) under the administrative control of the Ministry of Chemicals and Fertilizers, Government of India.

Stock and market datapoints cited in the update

As per the provided data, National Fertilizers’ share price was ₹71.62 as of August 12, 2026. This is a snapshot figure and is presented as a point-in-time reference for readers tracking the stock around the results announcement. Another price reference in the provided material states the share price was ₹72.19 as of July 20, 2026. The same compilation includes a “Dividend Yield” field shown as 0.00, which appears as a displayed metric in the dataset. Investors typically cross-check such fields against the declared dividend and prevailing stock price, but the update itself does not provide a recalculated yield.

Why the Q1FY27 print matters for investors

NFL’s Q1FY27 numbers show a clear year-on-year swing from loss to profit on the consolidated level, with revenue growing by 27.3%. The operating margin shift from negative to positive is a key operational indicator because it signals improvement beyond just the bottom line. The disclosure of ₹1,170 crore in NEN subsidy income underscores the role of subsidy flows in quarterly performance. The dividend recommendation of ₹1.04 per share adds a shareholder-return element to the announcement, with clear record date and payment timelines. For investors and analysts, the combination of profitability, margin improvement, and dividend clarity typically becomes the focus immediately after results.

Conclusion

National Fertilizers’ Q1FY27 results show a turnaround, with consolidated net profit at ₹113.38 crore and revenue from operations at ₹4,500.39 crore. Margins improved sharply, with operating margin at 4.57% versus -0.42% a year earlier, alongside subsidy support including ₹1,170 crore in NEN subsidy income. The company also recommended a final dividend of ₹1.04 per share for FY26, subject to shareholder approval. The record date is September 14, 2026, and the dividend is expected to be paid on or before October 21, 2026. The next key milestones for shareholders are the record date and the subsequent payment timeline as outlined by the company.