Major fertiliser companies have seen a decline of 20 – 25% in turnover during 2016/17 vis-à-vis 2015/16 on account of de-growth in sales of urea, DAP as well as NPK fertilisers and lower international prices translating into lower MRPs etc. In case of IPL, a decline in the turnover of almost Rs.4000 crores is attributable to reduction in the urea import volume (in DOF A/C.) from 20.20 lakh MTs to 4.85 lakh MTs. If the turnover of P&K fertilisers alone is to be considered then our performance is better than last year in terms of volume sales because of 25% jump in the sales of MOP.
The total income of the Company at Rs.11,963.07 crores has shown a decline of 27% vis-à-vis the total income of Rs.16,400.05 crores achieved in the previous fiscal. It was, however, noted that despite decline in the total income, the Profit Before Tax for the year at Rs.571.72 crores has more than doubled over the Profit Before Tax of Rs.246.64 crores registered in the previous year. The Profit After Tax (PAT) at Rs.367.34 crores has also more than doubled against Rs.161.08 crores in the same period last year. The actual PBT compared very favourably with the revised budgeted PBT of Rs.490.44 crores.