The shares of the public sector company gained up to 3.5 percent after the company’s Lignite and Coal production increased by 25.98 percent in Q1FY25.
NLC India Ltd has a market capitalization of Rs 35,692.03 crore, the share closed at Rs 257.40 per share, which increased around 0.39 percent as compared to the previous closing price of Rs 257.70 apiece.
Matter explanation:-
According to the corporate filing, NLC India Ltd published a business update in which the firm boosted its Lignite and Coal output to 90.18 LT, representing a 25.98 percent increase in Q1FY25 compared to Q1FY24 (71.58 LT).
Moreover, the Company’s Gross Power Generation climbed to 7,553.62 MU, 0.38% higher than the first quarter of FY 2023-24, which was 6,843.09 MU. This comprises 546.63 MU of renewable power generation compared to 539.28 MU in the first quarter of FY 2023-24.
Financial performance:-
Looking into the company’s finances, NLC India Ltd’s revenue decreased by 31 percent from Rs 5,134 crore in Q4FY23 to 3,541 crore in Q4FY24. During the same period, net profits decreased by 86 percent from a loss of Rs 837 crore to a profit of Rs 114 crore.
Significant return:-
Over the past six months, it has returned 12.78 percent, with a multi-bagger return of 134.89 percent in a year. A shareholder’s investment of Rs. 1 lakh in the firm is worth Rs. 2.34 lakh in a year.
Mining Capacity & Power Generation:-
NLC India has a total mining capacity of 32 MTPA for FY24, with 11.5 MTPA in lignite and 24.0 MTPA in coal. A planned capacity reduction of 3.5 MTPA is expected for its Mine-I operations.
NLC India’s total power generation capacity for FY24 is 11,100 MW, including 1,421 MW from renewable sources (1,370 MW solar and 51 MW wind). This includes contributions from joint venture projects.
Company snapshot:-
NLC India Limited is an India-based firm that mines lignite and coal generates power utilizing lignite and renewable energy sources, and provides consultancy. The company’s sectors include mining and power generation.
Written by:- Abhishek Singh
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