We wish to inform that the Board of Directors of the Company at their Meeting held today i.e., May 30, 2025, had, inter alia, approved the Audited Standalone and Consolidated Financial ....
Awaiting price reaction for this filing.
Nagarjuna Fertilizers has reported its FY25 annual results on a non-going concern basis after lenders (ACRE) sold all its core fertilizer and micro-irrigation assets under the SARFAESI Act on May 31, 2024, ending production from June 4, 2024. Revenue from operations collapsed to Rs. 87.2 crore in FY25 from Rs. 4,765.4 crore in FY24, and Q4 FY25 revenue from operations was zero. The company showed a full-year profit before tax of Rs. 2,434.8 crore (vs a Rs. 1,297.6 crore loss last year), but this is entirely driven by one-time, non-operational items: Rs. 1,340 crore remission of borrowings, Rs. 1,065.6 crore reversal of asset impairment, Rs. 131.2 crore profit on asset sale, and reversal of doubtful-debt and investment provisions. Current liabilities exceed current assets by Rs. 860.95 crore, excluding pending government energy/subsidy claims. Contingent liabilities stand at around Rs. 816 crore, mainly tied to a disputed GAIL gas arbitration case.
Existing shareholders should note this is effectively a shell company now: operations have ceased, assets are sold, debt is settled, and the stock is being treated as a non-going concern. The headline profit is accounting-driven (reversals and debt waiver), not from any business activity, so it does not reflect sustainable earnings. Stock price is already very low (Rs. 4.31 in the recent block deal), and future value depends entirely on recovery from GAIL arbitration and pending government subsidy/energy claims — outcomes that are uncertain.