Public Sector

NLC India Limited posts decline in net profit

NLC India Limited posts decline in net profit

NLC India Limited posts decline in net profit

NLC India Limited posts decline in net profit – NLC India Ltd. (NLCIL), a Navratna company under the Ministry of Coal, posted a decline in net profit for the quarter that ended on September 30, 2020.

With around profit of ₹20.39 cr (in the first quarter) and ₹312.93 cr (half-year ended) and net profit as against ₹336.78 cr and ₹659.82 cr within the corresponding year-ago period, the profit of the organization during the quarter and half-year ended were ₹1,849 cr and ₹4,235.86 cr respectively as against ₹2,217.85 crores and ₹4,121.88 cr within the corresponding year-ago period.

During the quarter, the corporate generated 3,791.31 Million Units (MU) against 5,273.02 MU. The reduction in power generation was mainly thanks to the hearth accident in Thermal Power Station-II and decommissioning of TPS-I, partly offset by operation of the latest units — Unit I of the Neyveli New Thermal power plant and solar energy generation to the tune of 709 MW.

The PSU also exported 3,225.21 MU for the quarter ended September 30 as against 4,512.64 MU within the corresponding period of the previous year drafted around19.9 a discount within the Earnings Before Interest, Tax and Depreciation and Amortisation (EBIDTA) for the quarter ended September 30 as it was ₹728.9 cr as against ₹909.85 cr.

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