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Business Standard
29-05-2025
- Business
- Business Standard
Iffco net profit rose 16% in FY25; nano fertiliser sales up around 47%
Fertiliser major Iffco on Thursday reported a 16 per cent rise in net profit to ₹2,823 crore in 2024-25 (FY25), driven by higher revenue, despite some concern over slow adoption of its nano products portfolio. It had posted a net profit of ₹2,443 crore in the previous year. The company said its flagship nano urea product increased 31 per cent in sales in FY24, while its nano Di-Ammonia Phosphate (DAP) product saw a 118 per cent increase. 'Taken together, nano fertilisers (urea and DAP) have managed to replace 1.2 million tonnes (mt) of conventional urea and 0.48 mt of conventional DAP so far, but it could have been better,' Iffco Managing Director U S Awasthi told reporters after the annual general meeting. India annually consumes around 35-37 mt of urea in conventional granular forms and around 11 mt of DAP. According to Awasthi, the cooperative has retailed nano zinc and nano copper in liquid form and will soon start producing granular nano NPK for use in basal application. In FY25, Iffco exported over 370,000 bottles of nano fertilisers globally and is now working to set up an indigenous nano manufacturing plant in Brazil. Also Read 'Iffco has registered a profit (before tax) of more than ₹3,000 crore for three consecutive financial years,' Sanghani said. The cooperative has rewarded its members with a 20 per cent dividend in the paid-up shares capital, he said. Total domestic fertiliser production climbed to 9.31 mt in FY25 from 8.89 mt in the preceding year, while total sales (including imports) increased slightly to 11.37 million tonnes as against 11.17 million tonnes. Urea and DAP sales remained flat at 6.73 mt and 2.56 mt, respectively, in FY25. Sales of NP, NPK, and other forms of fertilisers were recorded at 4.64 mt in FY25 against 4.39 mt in FY24.
India Gazette
29-05-2025
- Business
- India Gazette
IFFCO registers stellar performance in financial year 2024-25, books profit of Rs 3,811 crores
New Delhi [India], May 29 (ANI): IFFCO booked a profit of Rs 3,811 crores as profit before tax for the financial year 2024-25, along with a 47 per cent increase in the sales of Nano Fertilisers, the company's release said on Thursday. This financial year (2024-2025), 365.09 lakh nano-fertiliser bottles were sold, compared to 248.95 Lakh bottles sold in the previous financial year (2023-2024). IFFCO recorded a turnover of Rs 41,244 crores during the FY 24-25. Dileep Sanghani, IFFCO Chairman, during his interaction with the media, said that it's a matter of pride for the entire cooperative sector of the country that IFFCO's stellar growth figures are realising the dream of 'Sahakar Se Samriddhi.' He informed that the society has registered a profit of more than Rs 3000 crores for three consecutive financial years. He further said that for the last 23 consecutive years, IFFCO has rewarded its members with a 20 per cent dividend on the paid-up share capital, highlighting its dedication and commitment to equitable and sustainable growth. Nano-fertilisers have been the key focus area for the society, with support from the Union Ministry of Chemicals and Fertilisers, extensive awareness campaigns, and research have helped the society increase the acceptance of the products among the farmers. Out of 365 lakh bottles sold, 268 lakh bottles of IFFCO Nano Urea Plus (Liquid) and 97 Lakh bottles of IFFCO Nano DAP (Liquid) were sold during FY 2024-25. IFFCO Nano Urea Plus (Liquid) sales are 31 per cent higher, and IFFCO Nano DAP (Liquid) is 118 per cent higher compared to FY 2023-24. This sale volume is equivalent to 12 lakh Metric Tonnes of Conventional Urea and 4.85 Tonnes of conventional DAP. IFFCO's WSF/Speciality Fertilisers/Sagarika Granule Fertiliser has achieved sales of 1.92 Lakh MT. The sale of WSF/Speciality Fertilisers is 1.30 Lakh MT, which is 2 per cent higher than last year. Sales of Sagarika Liquid are 11.55 Lakh litres, which is 33 per cent higher; Sagarika Granule is 68,000 MT, which is 28 per cent higher; and Bio-fertilisers are 8.61 Lakh Litres, which is 35 per cent higher than last year. Dr US Awasthi, the IFFCO Managing Director, stated that IFFCO will also launch Nano NPK fertiliser in Granular form for soil application in basal dose. Nano NPK fertiliser is enriched with magnesium, sulphur, zinc, and copper, which will help increase crop productivity and minimise nutrient losses. This, along with Liquid Nano Urea Plus and Liquid Nano DAP, can eliminate the use of traditional chemical fertilisers from the soil. It will further promote balanced nutrition with higher use efficiency of primary nutrients. He further said that IFFCO will also launch Nano Zinc and Nano Copper in Liquid form in a 100ml bottle to fulfil the micro-nutrient needs. By incorporating Nanotechnology, drone technology, and AI technologies, IFFCO is transforming the country's agriculture and food value chain. In a short span of time, IFFCO's Nano Fertiliser has gained global recognition, with various countries such as Brazil, Kenya, and the United States of America expressing strong interest in adopting the technology. IFFCO has expanded its presence in over 40 countries, with superlative performance and reduced fertiliser usage recorded in the USA, Brazil, Slovenia, Mauritius, Zambia, Nepal, and Bangladesh. Apart from this, Managing Director also emphasized on the need to preserve 'Desi' Seeds (Beej) with indigenous inventions, on the same lines IFFCO has also taken an initiative to build a state-of-the-art Seed Innovation Centre at Kalol Unit. IFFCO honoured two eminent cooperators with 'IFFCO Sahakarita Ratna Award' and 'IFFCO Sahakarita Bandhu Award' for the year 2023-24. Mansinhbhai Kalyanjibhai Patel is bestowed with the 'IFFCO Sahakarita Ratna Award'. Patel belongs to Gujarat State, and he has worked at the ground level among cooperatives to make the cooperative movement strong with his countless and persistent efforts. He is also the founder of Shree Mahuva Pradesh Sahakari Khand Udyog Mandali Ltd. in Gujarat. Amrik Singh a familiar face of cooperative in Haryana State has been honoured with 'IFFCO Sahakarita Bandhu Award' for the year 2023-24. Amrik Singh has also worked at the grassroot level to strengthen the cooperative networks across Haryana and in many northern states of India. He has also been honoured by the Haryana Government in past for his exemplary services in the Agriculture Sector. During FY 2024-25, IFFCO also initiated a nationwide 'Model Nano Village/ Clusters Project' from July 1, 2024, selecting 203 village clusters spanning 2000 acres each as pioneers in the adoption of Nano fertilisers, which reduce the use of bulk fertilisers while increasing crop productivity and quality. More than 90,000 farmers have been registered in the Nano Village Portal, covering 5 lakh acres, with 40,000 farmers purchasing over 5.30 Lakh bottles of IFFCO Nano Fertilisers and Sagarika and 72,000 acres sprayed by Agri Drones. This project led to a 28.73 per cent reduction in chemical fertiliser use and a 5.8 per cent increase in crop yield. Further, IFFCO is exploring options to use the data on chemical fertiliser reduction for the Carbon Credit Project for certification of GHG emission reduction through the use of Nano Fertilisers by reducing the use of chemical fertilisers. In FY 2024-25, an 'Agro Climatic Zone-wise Nano Fertiliser Trials' were also conducted under the guidance of the Department of Fertilisers (DOF), Ministry of Chemicals and Fertilisers, Government of India, under the Mega Campaign. IFFCO undertook 1,470 two-plot demonstrations (200 for Nano Urea Plus and 1,270 for Nano DAP) across 15 Agro Climatic Zones in India. These trials recorded average yield increases of 5.27 per cent for Nano DAP and 5.28 per cent for Nano Urea over traditional practices. IFFCO distributed over 2.5 lakh sprayers and introduced the 'IFFCO Kisan Drone' to provide agri drones for spraying IFFCO Nano Urea and Nano DAP to the farmers. IFFCO procured 1764 Drones along with Electric Three-Wheelers (EVs) to facilitate the application of IFFCO Nano Urea and Nano DAP (Liquid) and provided training to rural entrepreneurs to offer spray services to the farmers. IFFCO is ranked the World's No.1 Cooperative (with respect to ratio towards contribution to GDP) according to the World Cooperative Monitor (WCM) Report published by EURCISE and the International Cooperative Alliance (ICA), the premier International cooperative body. IFFCO has a pan-India presence, supported by a vast network of over 35,600 cooperative societies as members. With more than 500 field offices spread across 21 states, IFFCO serves and supports over 5 crore farmers across the country. The organisation also has a strong global footprint, with a presence in 4 countries. IFFCO has a total of 10 manufacturing units. It is a matter of pride for the cooperatives, as Udai Shanker Awasthi, MD, IFFCO, was bestowed with the 'Rochdale Pioneers Award' 2024 during the ICA 2024 Conference last year in New Delhi. Awasthi was also honoured with the title of 'Fertiliser Man of India' during the 8th National Conference of Sahkar Bharati for his lifetime remarkable contribution in the field of Fertiliser and Agriculture of the Country. (ANI)
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Business Standard
29-05-2025
- Business
- Business Standard
IFFCO profit rises 16% to 2,823 cr, revenue up 4.5% to Rs 41,244 cr
Fertilizer major IFFCO on Thursday reported a 16 per cent increase in net profit to Rs 2,823 crore and a 4.5 per cent growth in turnover to Rs 41,244 crore during the last fiscal on higher sales of conventional soil nutrients as well as nano liquid urea and nano liquid DAP. It had posted a net profit of Rs 2,443 crore and turnover of Rs 39,474 crore in the 2023-24 fiscal. Cooperative IFFCO Managing Director U S Awasthi highlighted that sales of nano fertilisers rose 46 per cent last fiscal to 364.41 lakh bottles (of 500 ml each) but rued that "growth in sale volumes is not as per the expectation". Asserting that the nano fertilisers are effective if application is done in prescribed manner, he said the cooperative is focusing on creating awareness about the benefits of the new products. It is investing a lot on purchasing drones for spraying nano liquid. He said the cooperative has got a good response for nano-fertilisers in overseas markets, including Brazil and the United States. "We have invested so far around Rs 2500 crore on nano-fertilisers, which includes Rs 1700 crore on setting up plants," Awasthi said, while committing more investments to bring new nano products in the market and also creating awareness among farmers. He noted that crop productivity increases with the usage of nano fertilisers and rejected any concerns related to efficacy of this product. The IFFCO MD said the cooperative does not mind losing money, if it is for the right cause which is to protect soil health. Awasthi said the IFFCO has already launched nano-liquid zinc and nano-liquid copper in 100 ml bottles, costing Rs 200 each. It also plans to launch nano NPK fertilisers in granular form for soil application in basal dose. Elaborating on financial and operational performances, IFFCO chairman Dileep Sanghani said, the co-operative has "registered a profit (before tax) of more than Rs 3,000 crore for three consecutive financial years". The cooperative has rewarded its members with 20 per cent dividend in the paid up shares capital, he added. Total fertilizer production rose to 93.10 lakh tonnes in 2024-25 from 88.95 lakh tonnes in the preceding year, while sale increased slightly to 113.78 lakh tonnes as against 111.73 lakh tonnes. Nano fertiliser sales were at 364.41 lakh bottles (of 500 ml each) in 2024-25, higher than 249.45 lakh bottles in the previous year. Urea and Di Ammonium Phosphate (DAP) sales remained flat at 67.32 lakh tonnes and 25.62 lakh tonnes, respectively, during 2024-25. IFFCO, which has more than 35,600 cooperative societies as its members, is one of the leading fertilizer manufacturers in the country and has 10 plants in India and abroad.
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Business Standard
29-05-2025
- Business
- Business Standard
IFFCO FY25 profit rises 16%, nano fertiliser sales jump nearly 47%
Fertiliser major Iffco on Thursday reported a 16 per cent rise in net profit to ₹2,823 crore in 2024-25 (FY25), driven by higher revenue, despite some concern over slow adoption of its nano products portfolio. It had posted a net profit of ₹2,443 crore in the previous year. The company said its flagship nano urea product increased 31 per cent in sales in FY24, while its nano Di-Ammonia Phosphate (DAP) product saw a 118 per cent increase. 'Taken together, nano fertilisers (urea and DAP) have managed to replace 1.2 million tonnes (mt) of conventional urea and 0.48 mt of conventional DAP so far, but it could have been better,' Iffco Managing Director U S Awasthi told reporters after the annual general meeting. India annually consumes around 35-37 mt of urea in conventional granular forms and around 11 mt of DAP. According to Awasthi, the cooperative has retailed nano zinc and nano copper in liquid form and will soon start producing granular nano NPK for use in basal application. In FY25, Iffco exported over 370,000 bottles of nano fertilisers globally and is now working to set up an indigenous nano manufacturing plant in Brazil. 'Iffco has registered a profit (before tax) of more than ₹3,000 crore for three consecutive financial years,' Sanghani said. The cooperative has rewarded its members with a 20 per cent dividend in the paid-up shares capital, he said. Total domestic fertiliser production climbed to 9.31 mt in FY25 from 8.89 mt in the preceding year, while total sales (including imports) increased slightly to 11.37 million tonnes as against 11.17 million tonnes. Urea and DAP sales remained flat at 6.73 mt and 2.56 mt, respectively, in FY25. Sales of NP, NPK, and other forms of fertilisers were recorded at 4.64 mt in FY25 against 4.39 mt in FY24.
India Gazette
13-05-2025
- Business
- India Gazette
IFFCO begins commercial production of nano DAP liquid plant in UP's Aonla and Phulpur
New Delhi [India], May 13 (ANI): Indian Farmers Fertiliser Cooperative Ltd (IFFCO) on Tuesday commenced commercial production of Nano DAP Liquid at its two additional nano plants in Aonla, in Bareilly district, and Phulpur, in Prayagraj district, both located in Uttar Pradesh. According to IFFCO, each plant has a daily production capacity of 2 lakh bottles per day. The enhanced production will significantly increase the availability of nano DAP liquid across the country, benefiting farmers nationwide. With these two new plants, IFFCO's total capacity for Nano Fertilisers (both Nano Urea and Nano DAP) now stands at 9.5 lakh bottles per day across its five plants. The increased production and availability of Nano DAP Liquid are expected to positively impact agricultural productivity and sustainability, supporting India's farming community. Nano DAP Liquid is a liquid fertiliser containing nitrogen and phosphorus in a nano-sized particle form. It's a significant approach to agriculture, offering benefits like increased nutrient absorption and efficiency, potentially boosting crop yields. The nano urea is a revolution in the agriculture sector, as it has the potential to reduce storage space and money while improving crop yield. A 500 millilitre bottle of IFFCO Nano Urea Liquid can replace at least one bag of conventional Urea. The Nano Urea Liquid is indigenously developed after many years of dedicated and sincere research by IFFCO's Scientists and Engineers. Complaints have been made about the excessive use of urea to increase crop yields, which has been destroying the fertility of agricultural land for a long time. To address this concern, IFFCO has not only prepared nano fertiliser liquid but also patented it. IFFCO management claims that nano fertiliser will increase the fertility of the land and production. It is worth noting that nano urea is not only environmentally friendly but also more profitable than urea. The crop gets 30 per cent profit from urea, while the crop gets 80 per cent profit from nano urea (nano manure). Apart from this, the cost of nano urea is also less than that of urea. Drones can also be used to spray nano fertilisers. In February, US Awasthi, Managing Director and CEO of Indian Farmers Fertiliser Cooperative Ltd (IFFCO), said that IFFCO nano urea, nano DAP, and Sagarika are producing great results on American farms. In a post on X, he said that California farmers who have used IFFCO nano fertilisers have seen commendable results in increased yield and quality of Pistachios. IFFCO has consistently innovated to improve fertilisers and has been ranked the number one cooperative among 300 cooperatives in the world. The IFFCO also climbed to 72nd place in the overall turnover ranking from 97th place in the financial year 2023-24. The cooperative society and its 35,500 member cooperative societies, 25,000 PACS, and 52,400 PMKSK centres are progressing towards Atmanirbhar Bharat and Atmanirbhar Krishi. (ANI)
