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New Delhi [India], May 2 : Indian Farmers Fertiliser Cooperative (IFFCO) posted a record Profit After Tax of Rs 3,053 crore during the just concluded financial year 2022-23 (April-March), which is a 61 per cent increase on a yearly basis.In a year ago period, it recorded a net profit of Rs 1,884 crore. The rise in profits in 2022-23 could be largely attributed to a rise in nano fertilisers and its efficient energy consumption initiatives.With two more Nano Fertilizer Plants in action, IFFCO's sales rose from 2.15 crore bottles to 3.27 crore bottles in 2022-23."Glad to share that IFFCO has registered highest ever Profit After Tax of Rs. 3053 Cr along with highest ever Turnover of Rs. 60,324 Cr for FY22-23. This robust performance is a true example of SahkarSeSamriddhi," Managing Director & Chief Executive Officer of IFFCO US Awasthi said on Twitter.Further, coming to the revenue part, it increased by 66 per cent to Rs 62,990 crores in 2022-23 as compared to Rs 41,898 crores in 2021-22."IFFCO set up a new record of average energy consumption of 5.251 Gcal/MT improving on previous fiscal's 5.385 Gcal/MT, highlighting efficient plant operations," it said.IFFCO Group, including its associates and subsidiaries, is now valued at around Rs 1.05 lakh crores.IFFCO is a farmers' cooperative and the largest manufacturer and marketeer of chemical fertilisers in India.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Business :IFFCO reports highest ever net profit in 2022-23 at Rs 3,053 cr

New Delhi [India], May 2 : Indian Farmers Fertiliser Cooperative (IFFCO) posted a record Profit After Tax of Rs ... ...