Electric Utilities company NLC India announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations for Q4FY26 stood at Rs 5,042.46 crore, registering an increase of 31.45% YoY compared to Rs 3,836.00 crore in Q4FY25 and an increase of 13.49% QoQ from Rs 4,443.05 crore in Q3FY26. Total Income for the quarter was Rs 5,197.22 crore, up 30.85% YoY from Rs 3,971.90 crore and up 8.12% QoQ from Rs 4,807.10 crore. Profit before tax (PBT) for Q4FY26 was Rs 1,517.59 crore, marking a significant growth of 66.39% YoY compared to Rs 912.08 crore in Q4FY25 and an increase of 80.11% QoQ from Rs 842.60 crore in Q3FY26. Profit for the period (PAT) attributable to the owners of the company reached Rs 1,393.46 crore in Q4FY26, compared to Rs 481.96 crore in Q4FY25, reflecting a growth of 189.12% YoY. For the full year ended March 31, 2026, Revenue from Operations was Rs 17,489.53 crore, up 14.44% from Rs 15,282.96 crore in FY25. Annual Profit for the period (PAT) for FY26 stood at Rs 3,769.46 crore, an increase of 38.91% compared to Rs 2,713.61 crore in FY25. The Net Profit Margin for Q4FY26 improved to 26.04% compared to 10.06% in Q4FY25. The Board of Directors recommended a Final Dividend of 2.50% (Rs 0.25 per equity share) for the financial year 2025-26. Standalone Financial Highlights: Revenue from Operations for Q4FY26 was Rs 2,918.33 crore, showing a growth of 7.17% YoY from Rs 2,723.15 crore in Q4FY25 and a marginal increase of 1.15% QoQ from Rs 2,885.08 crore in Q3FY26. Total Income for the quarter stood at Rs 3,202.27 crore, compared to Rs 3,098.68 crore in Q4FY25 (up 3.34% YoY) and Rs 3,248.42 crore in Q3FY26 (down 1.42% QoQ). Profit before tax (PBT) for the quarter was Rs 1,255.56 crore, up 17.56% YoY from Rs 1,068.04 crore in Q4FY25 and up 119.25% QoQ from Rs 572.67 crore in Q3FY26. Profit for the period (PAT) in Q4FY26 reached Rs 1,243.46 crore, reflecting a growth of 89.49% YoY from Rs 656.23 crore in Q4FY25 and an increase of 190.58% QoQ from Rs 427.92 crore in Q3FY26. For FY26, Standalone Revenue from Operations was Rs 10,863.92 crore compared to Rs 10,285.78 crore in FY25. Standalone PAT for FY26 was Rs 2,525.07 crore, increasing by 32.90% from Rs 1,899.99 crore in FY25. Business Highlights: Segment-wise Performance: Mining: Revenue for Q4FY26 stood at Rs 2,376.91 crore compared to Rs 1,962.94 crore in Q4FY25. Segment PBIT for Q4FY26 was Rs 657.59 crore, significantly higher than Rs 259.37 crore in Q4FY25. Power - Thermal: Revenue for Q4FY26 was Rs 4,183.60 crore compared to Rs 3,088.13 crore in Q4FY25. Segment PBIT for the quarter was Rs 184.96 crore compared to Rs 299.53 crore in Q4FY25. Power - Renewables: Revenue for Q4FY26 was Rs 210.25 crore compared to Rs 175.25 crore in Q4FY25. Segment PBIT for the quarter stood at Rs 44.40 crore compared to Rs 95.53 crore in Q4FY25. Renewable Energy Asset Transfer: Pursuant to the National Monetization Pipeline, the company entered into a Business Transfer Agreement (BTA) dated October 31, 2025, with NLC India Renewables Limited (NIRL) for the transfer of 1,430 MW renewable energy assets on a slump sale basis. The consideration was determined at Rs 2,419.24 crore based on assets and liabilities as of January 1, 2026. Solar Project Commissioning: The 300 MW Barsingsar Solar Project was fully commissioned on January 23, 2026. Commissioning occurred in phases with 52.83 MW in Q2, 106 MW in Q3, and the balance 141.17 MW in Q4FY26. Investments: During the quarter, the company invested Rs 3,000 crore in its wholly-owned subsidiary, NLC India Renewables Limited (NIRL), and Rs 312.24 crore in Neyveli Uttar Pradesh Power Limited (NUPPL). Regulatory Matters: For Thermal Power Station-II, Neyveli, a regulatory deferral liability of Rs 128.41 crore was reversed, and net unbilled income of Rs 21.03 crore, including interest, was recognized during Q4FY26. Result PDF