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.

 

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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 %. 

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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 %.

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