NLCIL Q2 Results: PAT declines 9.2% stands at Rs 982.41 crore

On Friday, 25th October the State-owned PSU NLC India Ltd posted a 9.5 % decline in its consolidated profit at Rs 982.41 crore for the quarter ended September 30, 2024. On the same hand NLC India Ltd had posted a consolidated profit of Rs 1,085.93 crore in the year-ago period, NLC India Ltd said in a bse filing. 

NLCIL Earned Profit After Tax (PAT) of Rs.1,549.10 Cr as against Rs.1,499.51 Cr in the corresponding period of the previous year, registering a growth of 3%.

NLCIL Major Highlights:

• NLCIL successfully enters 10th year of Renewable Energy Generation.

• Vesting order was issued for Machhakata (revised) Coal Block by Nominated Authority, Ministry of Coal.

• Forest Clearance (Stage I) and Environment Clearance obtained for Pachwara South Coal Block.

• Two Joint Venture Agreements entered with RVUNL, Govt of Rajasthan for setting up 3x 125 MW Lignite based Thermal Power Station and 2 GW RE Projects in the State of Rajasthan.

• Long Term Power Usage Agreement was signed with Govt. of Telangana for supply of 200 MW of solar power.

• NLCIL’s operating Five Mines has been awarded with Four 5 Star Rating, one 4 Star Rating awards by Ministry of Coal, Govt of India Star Rating for FY 2022-23 and Barsingsar Lignite Mines rated as No. 2 among the 216 Coal/Lignite Open Cast Mines in the country.

• Awarded with First Prize adjudged by Ministry of Coal in Swachhata Pakhwada for activities performed, innovative ideas involved, maximum public participation and awareness programmes conducted during the event.

• Market Price per share as on 30th Sept’24 increased to Rs.282.50 per share from Rs.134.95 per share as on 30th Sept’23, registering growth of 109%

 

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Key Highlights – Group Physical Performance – NLCIL H1 of FY 2024-25

• Achieved Lignite production of 122.37 LT with 15% growth as compared to 106.50 LT in H1 of FY 2023-24.

• Achieved Coal production of 59.61 LT with 30% growth as compared to 45.99 LT in H1 of FY 2023-24.

• Achieved Gross Power Generation of 14,192.18 MU with 9% growth as compared to 13,009.78 MU in H1 of FY 2023-24. This includes RE Power Generation of 1,136.08 MU.

• Achieved Plant Availability Factor (PAF) of 79.19% with 12% growth as compared to 70.53% in H1 of FY 2023-24 with respect to Thermal plants. 

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Key Highlights – Group Financial Performance – NLCIL H1 of FY 2024-25

• Earned Revenue from operations of Rs.7,033.32 Cr as against Rs.6,294.02 Cr in the corresponding period of the previous year, registering a growth of 12%.

• Earned Total Income of Rs.8,010.71 Cr as against Rs.6,662.51 Cr in the corresponding period of the previous year, registering a growth of 20%.

• Earned Profit After Tax (PAT) of Rs.1,549.10 Cr as against Rs.1,499.51 Cr in the corresponding period of the previous year, registering a growth of 3%.

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