NLC India Clocks Highest Ever Coal Production And 24% Growth In Revenue

Neyveli, Feb 13 NLC India Limited under Ministry of coal today announced its Q3 results. The company standalone Coal Production during the Nine months ended 31.12.2022 is 75.52 LT against 40.83 LT in the corresponding period of the previous year registering a growth of 84.96%. The above coal production is highest ever coal production. Lignite Production during the Nine months ended 31.12.2022 is 172.09 LT against 165.92 LT in the corresponding period of the previous year registering a growth of 3.72 %.

Standalone Power Generation during the Nine months ended 31.12.2022 is 18,238.81 MU against 18,485.05 MU in the corresponding period of the previous year.

The NLCIL Thermal average PLF (Upto Dec 2022 ) is 69.13 % against the All India Average of 63.23 %

The Consolidated Power Export during the Nine months ended 31.12.2022 is 20,078.34 MU as against 19,247.95 MU in the corresponding period of the previous year , registering a growth of 4.31 % .

The Standalone Revenue from operation for the Nine months ended 31.12.2022 is Rs.8,659 crore as against Rs.7,277 crore in the corresponding period of the previous year, registering a growth of 19 % respectively. While Total Income of the Company for the Nine month ended 31.12.2022 is Rs.9,161 Crore as against Rs.7,887 crore in the corresponding period of the previous year , registering a growth of 16%.

Profit for the period ( PAT ) for the Nine month ended 31.12.2022 is Rs.474 Crore as against Rs.797 Crore in the corresponding period of the previous year.

The Profit after tax for the period has impacted mainly due to accounting CERC orders received during this period wherein CERC has set aside review of O&M expenses for 2014-19 as similar issue for earlier tariff periods is sub – judice before APTEL and also while issuing tariff orders for 2019-24, CERC has not considered certain items including capital additions and advised to consider at actual at the time of filing of truing petition by NLCIL.

The consolidated Revenue from operation of the Group for Nine Months ended 31.12.2022 Rs.11,031 Crore as against Rs.8,862 Crore in the corresponding period of the previous year, registering a growth of 24 %.

The Total Income of the Group for the Nine Months ended 31.12.2022 Rs.11,528 Crore as against Rs.9,381 Crore in the corresponding period of the previous year, registering a growth of 23%. Profit/( Loss ) before Exceptional Item and tax of the Group for the Nine Months ended 31.12.2022 is Rs.803 Crore as against Rs.1,807 crore in the corresponding period of the previous year.

Profit After Tax ( PAT ) for the Nine Months ended 31.12.2022 is Rs.590 Crore as against Rs.784 Crore in the corresponding period of the previous year.

NLCIL has declared an interim-dividend for FY 2022-23 @ 15% (Rs 1.50 – per share) on the paid up equity share capital.