IFFCO registered a profit of Rs 3,811 Crores as PBT, a continuing trend from past three financial years.
World Number 1 Cooperative, IFFCO booked a profit of Rs 3,811 Crore as profit before tax for the FY 2024-25 along with 47 per cent increase in the sales of Nano Fertilisers. This Financial year (2024-2025) 365.09 Lakh bottles of Nano-Fertilizers were sold as compared to 248.95 Lakh bottles sold in the previous financial year (2023-2024). IFFCO recorded a Turnover of Rs 41,244 Crore during the FY 24-25.
Dileep Sanghani, Chairman, IFFCO during his interaction with the media said that It’s a matter of proud for the entire cooperative sector of country that the stellar growth figures of IFFCO is 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.
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. The sales of IFFCO Nano Urea Plus (Liquid) is 31 per cent and IFFCO Nano DAP (Liquid) is 118 per cent higher as compared to FY 2023-24. This sale volume is equivalent to 12 lakh Metric Tonne of Conventional Urea and 4.85 Metric Tonne of conventional DAP. IFFCO’s WSF/Speciality Fertilizers/Sagarika Granule Fertilizer have achieved sales of 1.92 Lakh MT. The sale of WSF/Speciality Fertilizers is 1.30 Lakh MT which is 2 per cent higher than last FY. Sales of Sagarika Liquid is 11.55 Lakh litre which is 33 per cent higher, Sagarika Granule is 68,000 MT which is 28 per cent higher and Bio-fertilizers is 8.61 Lakh Litre which is 35 higher than the last FY.
Dr. U. S. Awasthi, MD, IFFCO stated that IFFCO will be also launching Nano NPK fertilizer in Granular form for soil application in basal dose. Nano NPK fertilizer is enriched with Magnesium, Sulphur, Zinc and Copper which would help in increasing the crop productivity & would minimize 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 be also launching Nano Zinc, Nano Copper in Liquid form in size of 100ml bottle to fulfil the micro-nutrients need. By incorporating Nanotechnology, drone technology, Al technologies, IFFCO is transforming the agriculture & food value chain across the country. In a short span of time, IFFCO’s Nano Fertiliser has gained a global recognition, with various countries such as Brazil, Kenya and The United States of America has expressed strong interest to adopt the Nanotechnology. 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.
During the FY 2024-25, IFFCO also initiated a nationwide “Model Nano Village/ Clusters Project” from 1st July 2024, selecting 203 village clusters spanning 2000 acres each as pioneers in the adoption of Nano fertilisers for reducing the use of bulk fertilisers with an increase in crop productivity & 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% 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 fertilisers reduction for the Carbon Credit Project for certification of GHG emission reduction through use of Nano Fertilisers by reducing 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 Fertilizers (DOF), Ministry of Chemicals and Fertilizers, Government of India, under 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.
