NLC India reports Rs. 1,673 Cr profit for Nine Months ended FY23

Major Highlights

Unit 1 (660 MW) successfully synchronized with the Grid of Ghatampur Thermal Power station, NUPPL, a subsidiary of NLCIL on 04th Nov 2023.
NLCIL Mines was awarded with 13-star rating by the Ministry of Coal on 20th Dec 2023, with NLC Mines rated as Best Mines in the country consistently for two years.
Awarded EPC Contract to BHEL for setting up (3 x 800 MW) pit head ultra-supercritical Talabira Thermal Power Project in Odisha on 12th Jan 2024.
On 3rd Feb 2024, the Honorable Prime Minister laid the foundation stone for 3 x 800 MW pit head ultra-supercritical Talabira Thermal Power Project in Odisha.
15% Interim Dividend declared for FY 2023-24.
Capex achieved till Jan 2024 Rs. 3,493 Crore against the Annual Target of Rs. 2,880 Crore i.e. 21% more than the Annual Target.
NLCIL incorporated a new wholly-owned Subsidiary NLC India Green Energy Ltd (NIGEL) to undertake green projects/initiatives.

Financial Performance

STANDALONE

Profit After Tax (PAT) for the Nine Months ended 31.12.2023 is Rs. 1,673 Crore as against Rs.474 Crore in the corresponding period of the previous year, registering a growth of 253%.

Profit Before Tax (PBT) for the Nine Months ended 31.12.2023 is Rs. 2,566 Crore as against Rs. 568 Crore in the corresponding period last year registering a growth of 352%

The EBITDA of the Company for the Nine Month ended 31.12.2023 is Rs. 4,137 Crore as against Rs. 2,212 Crore in the corresponding period of the previous year, registering a growth of 87 %.

CONSOLIDATED

Profit After Tax (PAT) of the Group for Nine months ended 31.12.2023 is Rs. 1,754 Crore as against Rs.590 Crore in the corresponding period of the previous year, registering a growth of 197 %.

Profit Before tax (PBT) of the Group for the Nine month ended 31.12.2023 is Rs. 2,716 Crore as against Rs.799 Crore in the corresponding period of the previous year, registering a growth of 240 %.