NLC India Q3 Results: Net Profit rose threefold to Rs 668 crore, interim dividend of Rs 1.5/share

Shares of NLC India rose over 10% at Rs 233.56 amid declaring stunning financial results of the third quarter. Coal and Lignite PSU, NLC India Ltd.'s net profit rose nearly threefold in the third quarter of the current financial year, beating analysts' with a profit of Rs 668 crore for the three months ended Dec. 31, 2024, as compared to Rs 250 crore for the same period last year.

The public sector undertaking's revenue surged 39% to Rs 4,411 crore for the October–December quarter from Rs 3,164 crore in the year-ago period.  NLC India declared a dividend of Rs 1.5 per share at a face value of Rs 10 each for 2024-25. It has fixed Feb. 7 as the record date for the dividend while the same will be paid to the shareholders on or before March 4.

The company board approved a proposal to invest Rs 1,110 crore in the joint venture that will be incorporated between NLC India and Rajasthan Rajya Vidyut Utpadan Nigam Ltd. The JV will assist in developing lignite-based thermal power stations and lignite mines at Rajasthan.

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Shares of NLC surged over 10% on the National Stock Exchange. The stock has fallen 23.11% in the last 12 months.

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