Nov 11 (Reuters) - India's National Fertilizers (NAFT.NS) , opens new tab reported a profit in the second quarter on Monday as lower costs helped cushion the impact of lower product prices.

The state-run agricultural chemicals maker reported a consolidated profit of 120.7 million rupees ($1.4 million) for the quarter ended Sept. 30, compared to a loss of 871 million rupees a year ago.

Revenue fell 22.4% to 43.90 billion rupees, while total expenses declined 24.4% to 44.18 billion rupees.

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KEY CONTEXT

High fertiliser and agricultural chemicals inventory and destocking for the past few quarters pressured prices, hurting margins of agrochemical makers, analysts said.

While international agrochemical demand is recovering, with higher sales volume across geographies, ample supplies from China have also curbed price increases, analysts added.

Peer UPL (UPLL.NS) , opens new tab on Monday posted a wider quarterly loss hurt by pricing pressures.

PEER COMPARISON

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JULY-SEPTEMBER STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 84.3600 rupees

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https://www.reuters.com/markets/commodities/indias-national-fertilizers-posts-q2-profit-lower-costs-2024-11-11/