Prime Highlights
- NLC India shares surged over 13% after the company reported a sharp rise in March quarter profit and revenue.
- EBITDA margin improved to 35.2% from 22.5%, reflecting stronger profitability.
Key Facts
- NLC India Ltd. operates mining, thermal power and renewable energy businesses.
- The company recommended a final dividend of ₹0.25 per share for FY26, subject to approval.
Background
Shares of NLC India Ltd. rose more than 13% in mid-May after the company reported strong fourth-quarter earnings, supported by higher revenue, better margins and growth across key business segments. The stock became the top gainer on the Nifty 500 index and has climbed 43% so far in 2026.
The company posted a net profit of ₹1,394 crore for the March quarter, sharply higher than ₹482 crore a year earlier. Revenue increased 31.5% to ₹5,042.5 crore from ₹3,836 crore in the same quarter last year.
Operating performance also improved strongly. EBITDA rose to ₹1,774.4 crore from ₹861.4 crore in the previous year period. The EBITDA margin was improved from 22.5% to 35.2%, hence presenting efficient cost control and a higher level of profit.
Segment-wise, mining revenue increased 21.1% to ₹2,376.9 crore. Thermal power revenue rose 35.5% to ₹4,183.6 crore, while renewable power revenue grew 20% to ₹210.2 crore compared with the year-ago quarter.
The board recommended a final dividend of 2.5%, or ₹0.25 per equity share, for FY26. Shareholder approval is still pending. The company has not yet announced the record date or payment schedule.
NLC India also said land availability issues at Neyveli are affecting lignite mining operations. The company stated that it is using sustainable steps, including contingency mining, to maintain lignite supply while working to resolve the constraints.