NLC India logs 33.28% yoy rise in PAT for 9MFY22 to Rs784 crore; Stock plunges 9%

15 Feb 2022 , 10:15 AM

NLC India Limited (NLCIL) reported consolidated total income of the Group during the nine months ended December 31, 2021, at Rs9381 crore as against Rs8198 crore in the corresponding period of the previous year, registering a growth of 14.43%. Profit After Tax (PAT) for the nine months ended December 31, 2021 (9MFY22) is Rs784 crore as against Rs589 crore in the corresponding period of the previous year, registering a growth of 33.28%.

The standalone total income of the company for the nine months ended December 31, 2021, is Rs7887 crore as against Rs6111 crore in the corresponding period of the previous year, registering a growth of 29.06%. EBITDA (Before Exceptional Items) for the nine months ended December 31, 2021 is Rs3344 crore as against Rs.2397 crore in the corresponding period of the previous year, registering a growth of 39.51%.

Profit for the period (PAT) for the nine months ended December 31, 2021 is Rs797 crore as against Rs.387 crore in the corresponding period of the previous year, registering a growth of 105.96%.

Robust collection of dues resulting in reduction of power debtors by 48.70% (from Rs8554 crore as on December 31, 2020 to Rs4388 crore as on December 31, 2021).

At around 10.18 am, NLC India Ltd wastrading at Rs64.40 per share down by Rs6.35 or 8.98% from its previous closing of Rs70.75 per share on the BSE.

Key Highlights – Physical Performance

• Standalone Power generation during the nine months ended December 31, 2020 is 18485 MU as against 13743 MU in the corresponding period of the previous year, registering a growth of 34.51%.
• Consolidated Power generation during the nine months ended December 31, 2020 is 21740 MU as against 17604 MU in the corresponding period of the previous year, registering a growth of 23.49%.
• The company has achieved PLF of 70.20% for nine months ended December 31, 2020 as against the national average of 57.16%.