Electricutilities company NLC India announced FY24 results: Consolidated Financial Highlights: Profit After Tax (PAT) of the Group for FY24 is Rs 1,868 crore as against Rs 1,426 crore in the corresponding period of the previous year, registering a growth of 31%. Profit / (Loss) before tax (PBT) of the Group for FY24 is Rs 2,882 crore as against Rs 2,056 crore in the corresponding period of the previous year, registering a growth of 40%. The EBITDA of the Group for FY24 is Rs 5,556 crore as against Rs 4,868 crore in the corresponding period of the previous year, registering a growth of 14%. Apart from the Interim Dividend of 15% (Rs 1.5 per share) on paid up equity share capital already declared and paid, Final Dividend of 15% (Rs 1.5 per share) on paid up equity share capital recommended for FY24 subject to approval of shareholders in the Annual General Meeting. Standalone Financial Highlights: Profit After Tax (PAT) for FY24 is Rs 1,847 crore as against Rs 1,248 crore in the corresponding period of the previous year, registering a growth of 48%. Profit Before Tax (PBT) for FY24 is Rs 2,788 crore as against Rs 1,724 crore in the corresponding period of the previous year, registering a growth of 62%. This is the Highest ever PBT in previous last 10 years. The EBITDA of the Company for FY24 is Rs 4,873 crore as against Rs 3,899 crore in the corresponding period of the previous year, registering a growth of 25%. Result PDF
Electric Utilities company NLC India announced Q3FY24 & 9MFY24 results: Consolidated Results PAT: The group's PAT rose to Rs 1,754 crore, marking a 197% increase from Rs 590 crore in the prior year's corresponding period. PBT: The group's PBT for 9MFY24 was Rs 2,716 crore, a substantial 240% growth from Rs 799 crore in the prior year. Standalone Results EBITDA: EBITDA reached Rs 4,137 crore, registering an 87% increase from Rs 2,212 crore in the comparable period. Profit Before Tax (PBT): PBT for 9MFY24 stood at Rs 2,566 crore, a significant rise of 352% over Rs 568 crore from the previous year. Profit After Tax (PAT): For the nine months ended December 31, 2023, PAT was Rs 1,673 crore, a growth of 253% compared to Rs 474 crore from the same period last year. Operational Achievements Ghatampur Thermal Power Station: Unit 1 (660 MW) of the Ghatampur Thermal Power station was successfully synchronized with the grid on November 4, 2023. Star Rating: NLC Mines was rated with a 13 Star rating and recognized as the Best Mines in the country for the second consecutive year. EPC Contract: An EPC contract was awarded to BHEL for the three-unit (3 x 800 MW) pithead ultra supercritical Talabira Thermal Power Project in Odisha on January 12, 2024. Corporate Announcements Prime Minister's Inauguration: On February 3, 2024, the Honorable Prime Minister laid the foundation stone for the Talabira Thermal Power Project. Interim Dividend: A 15% interim dividend was declared for the financial year 2023-24. New Subsidiary: NLC India Green Energy Ltd (NIGEL) was incorporated to focus on green energy projects/initiatives. Financial Performance Capital Expenditure: The company achieved Rs 3,493 crore against the annual target of Rs 2,880 crore, indicating an overachievement of 21%. Result PDF
Electric Utilities company NLC India announced Q2FY24 & H1FY24 results: Q2FY24: PAT for Q2FY24 jumped to Rs 1,121 crore from Rs 367 crore in Q2FY23, registering a growth of 205%. Consolidated H1FY24: Profit After Tax (PAT) of the Group: Rs 1,500 crore, a 52.10% YoY growth. Profit/ (Loss) before tax of the Group: Rs 2,314 crore, a 57.44% YoY growth. EBITDA of the Group: Rs 3,675 crore, a 26.83% YoY growth. Revenue from operation of the Group: Rs 6,294 crore, compared to Rs 7,352 crore in the previous year. Total Income of the Group: Rs 6,663 crore, compared to Rs 7,545 crore in the previous year. Standalone H1FY24: Profit for the period (PAT): Rs 1,452 crore, a 66.32% YoY growth. Profit Before Tax (PBT): Rs 2,215 crore, a 71.42% YoY growth. EBITDA: Rs 3,278 crore, a 36.75% YoY growth. Revenue from operation: Rs 5,072 crore, compared to Rs 5,847 crore in the previous year. Total Income: Rs 5,434 crore, compared to Rs 5,998 crore in the previous year. Result PDF
Electric Utilities company NLC India announced Q1FY24 results: Consolidated Q1FY24: Revenue from the operation of the Group for Q1FY24 is Rs 3,316 crore as against Rs 3,863 crore in Q1FY23. The Total Income of the Group for Q1FY24 is Rs 3,428 crore as against Rs 3,966 crore in Q1FY23. Profit / (Loss) before tax of the Group for Q1FY24 is Rs 614 crore as against Rs 854 crore in Q1FY23. Profit After Tax (PAT) for the Q1FY24 is Rs 414 crore as against Rs 569 crore in Q1FY23. Standalone Q1FY24: Revenue from operation for Q1FY24 is Rs 2,601 crore as against Rs 3,094 crore in Q1FY23. Revenue from Sale of Coal during Q1FY24 is Rs 461 crore as against Rs 449 crore in Q1FY23, registering a increase of 2.83%. The Total Income of the Company for Q1FY24 is Rs 2,690 crore as against Rs 3,177 crore in Q1FY23. Profit for the period (PAT) for Q1FY24 is Rs 331 crore as against Rs 506 crore in Q1FY23. Result PDF