NLC India Ltd Reports 37% PAT Growth in Q1 FY24-25

NLC India Ltd has reported its financial performance for the quarter ended June 30, 2024, showcasing significant growth across various parameters.

The consolidated Profit After Tax (PAT) for the Group reached ₹566.69 crore, marking a 37.02% increase compared to ₹413.57 crore in the same quarter of the previous year. The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for the Group stood at ₹1,444.38 crore, registering a 10.61% increase from ₹1,305.80 crore in the corresponding period last year. The Group’s total income also grew by 6.19% to ₹3,640.60 crore from ₹3,428.48 crore in the previous year’s quarter.

On a standalone basis, NLC India Ltd’s PAT for the quarter was ₹495.98 crore, reflecting a significant 49.83% rise compared to ₹331.02 crore in the same quarter of the previous year. The company’s total income also experienced growth, rising by 7.88% to ₹2,901.53 crore, up from ₹2,689.65 crore in the corresponding period last year.

NLC India Ltd has also achieved notable progress in its production and power generation segments during Q1 of FY 2024-25. Lignite production increased by 22.17%, reaching 61.67 lakh tonnes (LT), compared to 50.48 LT in Q1 of FY 2023-24. Similarly, the company’s coal production saw 35.27% growth, with 28.46 LT produced during Q1 of FY 2024-25, compared to 21.04 LT in the same period last year.

The company’s gross power generation also witnessed significant growth, increasing by 13.48% to 6,133.67 million units (MU) in Q1 of FY 2024-25, up from 5,405.17 MU in Q1 of FY 2023-24. This includes renewable power generation of 547.13 MU, indicating NLC India Ltd’s focus on diversifying its energy portfolio. The Group’s gross power generation increased by 10.38% to 7,554.08 MU from 6,843.42 MU in the same quarter last year. The Plant Availability Factor (PAF) for all thermal plants improved to 73.56% in Q1 of FY 2024-25, compared to 62.63% in Q1 of FY 2023-24, showcasing the enhanced efficiency and reliability of the company’s power generation assets.

In addition to its operational achievements, NLC India Ltd has emerged as the successful bidder for the Machhakata (Revised) Coal block in Odisha, with a capacity of 30 MTPA, under the commercial auction conducted by the Ministry of Coal. This marks the second commercial coal mine secured by NLCIL in competitive bidding. The company also received approval from the Government of India for the implementation of the Pachwara South Coal Block (PSCB) project in Jharkhand by its subsidiary, NUPPL, with an estimated capital cost of ₹2,242.90 crore.

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