NLC India Ltd Share Price – NSE  /  BSE

Power Generation & Distribution, Small Cap

NLC India has received reaffirmation in credit ratings from CARE as under:

Long term bank facilities - CARE AAA; Stable
Commercial paper - CARE A1+

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NLC India announced that Neyveli Uttar Pradesh Power (NUPPL) has successfully syncronized Unit I (660 MW) of the 3*660 MW coal based supercritical thermal power plant at Ghatampur Tehsil in Kanpur Nagar District, Uttar Pradesh with 765 KV grid on 04 November 2023.

NUPPL is a joint venture of the company and Uttar Pradesh Rajya Vidyut Utpadan Nigam with an equity participation of 51:49 respectively.

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Revenue from operations stood at Rs 2,471.32 crore in Q2 FY24, up 10.22% from Rs 2,752.75 crore posted in Q2 FY23.

Profit before tax zoomed to Rs 1,727.05 crore in the second quarter of FY24 as against Rs 534.80 crore recorded in the corresponding quarter last year.

The company's revenue from mining stood at Rs 1,725.03 crore (down 6.16% YoY) and power was at Rs 2,053.90 crore (up 7.42% YoY) during the period under review.

On half yearly basis, the firm's net profit jumped 66.32% to Rs 1,452.43 crore despite of 13.25% decline in revenue to Rs 5,072.33 crore in H1 FY24 over H1 FY23.

EBITDA in H1 FY24 was at Rs 3,278 crore, registering a growth of 36.75% as against Rs 2397 crore posted in H1 FY23.

NLC India is a 'Navratna' government of India company in the fossil fuel mining sector in India and thermal power generation. As of 30 September 2023, the Government of India held 79.20% stake in the company.

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Net profit of NLC India rose 163.97% to Rs 1084.70 crore in the quarter ended September 2023 as against Rs 410.92 crore during the previous quarter ended September 2022. Sales declined 14.67% to Rs 2977.53 crore in the quarter ended September 2023 as against Rs 3489.28 crore during the previous quarter ended September 2022.

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