Earnings Review
NLC India Q4 PAT surges on regulatory deferral acct gain
This story was originally published at 18:52 IST on 19 May 2025
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--NLC India Jan-Mar consol net profit INR 4.82 bln vs INR 1.14 bln year ago
--NLC India Jan-Mar consol revenue INR 38.36 bln vs INR 35.41 bln year ago
--NLC India FY25 consol net profit INR 26.21 bln vs INR 18.54 bln year ago
--NLC India FY25 consol revenue INR 152.83 bln vs INR 130.01 bln year ago
--NLC India to pay INR 1.50 per share final dividend
--NLC India Jan-Mar consol mining ops sales INR 19.63 bln vs INR 21.39 bln
--NLC India Jan-Mar consol power ops revenue INR 32.63 bln vs INR 29.80 bln
By J. Navya Sruthi
MUMBAI – Despite a marginal fall in total income, NLC India Ltd.'s consolidated net profit for the March quarter rose massively as the company reported an income in its net movement in regulatory deferral account balances. The company posted the highest on-year rise in net profit in 24 quarters, but sequentially the growth was weaker.
The Navratna company's consolidated net profit rose a whopping 322% on year to INR 4.82 billion, but fell 28% on quarter. The company has reported an income of INR 8.21 billion in its net movement in regulatory deferral account balances. During the same quarter last year, it had an expense of INR 2.69 billion under this head.
The company's consolidated revenue for the March quarter was INR 38.36 billion, up over 8% from the same quarter a year ago but down 13% from the previous quarter. Elara Securities had expected the company's top line at INR 36.50 billion and the bottom line at INR 4.27 billion. Its other income during the quarter fell sharply to INR 1.36 billion from INR 4.94 billion a year ago.
For 2024-25 (Apr-Mar), the company's net revenue rose nearly 18% on year to INR 152.83 billion while the net profit rose over 41% to INR 26.21 billion. The company's income under the net movement in regulatory deferral account balances fell 94% on year to INR 662.4 million.
For the March quarter, its power generation segment showed a positive growth while the mining business reported a negative growth. Its revenue from the power generation business was INR 32.63 billion, up 9% on year. At the same time, revenue from mining fell 8% to INR 19.63 billion. For FY25, the company will pay a final dividend of INR 1.50 per share.
The company's consolidated expenses for the quarter were INR 38.80 billion, up nearly 8% on year. The company's other expenses fell over 19% to INR 16.21 billion. The company's finance costs for the March quarter rose sharply to INR 3.25 billion from INR 1.99 billion, and the employee benefits expense rose over 57% on year to INR 10.94 billion. The company's cost of fuel consumed rose nearly 18% on year to INR 5.14 billion. The tax outgo for the March quarter was also massively up at INR 4.44 billion from INR 516.5 million.
The company announced its earnings after market hours Monday and its shares closed 1% lower at INR 236.43 on the National Stock Exchange. End
Edited by Akul Nishant Akhoury
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