Nagarjuna Fertilizers and Chemicals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
Nagarjuna Fertilizers reported nil revenue from operations for Q1 FY26 (quarter ended June 30, 2025), down from Rs. 87,108 lakhs in the same quarter last year, as the company's plants were shut down after core assets were sold by Assets Care & Reconstruction Enterprise Ltd (ACRE) under the SARFAESI Act in May-June 2024. The company posted a loss after tax of Rs. 625.79 lakhs versus a loss of Rs. 1,074.85 lakhs in Q1 FY25, with EPS at (Rs. 0.10). The board has formally classified the company as 'not a going concern' as it has no remaining fixed assets or revenue-generating business left. Current liabilities exceed current assets by around Rs. 86,696 lakhs (standalone), and contingent liabilities/claims in dispute stand at approximately Rs. 107,724 lakhs, including a pending GAIL arbitration case. There was also a promoter change earlier in the year, with Agri Vestors Private Limited acquiring 45.44% stake from Amlika Mercantile Private Limited.
The stock now represents a non-operating shell with no revenue, negative net worth (other equity of negative Rs. 98,610 lakhs), and massive contingent liabilities. Shareholders face significant uncertainty as value, if any, depends entirely on disputed claims against GAIL and government subsidies being realized. This filing is extremely negative for the stock and signals near-total loss of operating business.