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Nagarjuna Fertilizers and Chemicals Limited has announced a board meeting to review and approve its un-audited standalone and consolidated financial results for the quarter and half-year ended December 31, 2024. Revenue from operations reported no earnings, while total income reflected a loss of approximately ₹16,878.66 cr. Notably, significant expenses included de-escalation of urea subsidy impacting current liabilities, which exceed current assets by ₹84,976.72 cr. The company's ongoing insolvency and asset sales raise concerns over its viability, leading to a cautious investor outlook, with potential opportunities tied to government claims for reimbursement of energy costs.
All announcements from Nagarjuna Fertilizers and Chemicals Limited