NLC India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
NLCINDIA · price
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NLC India Limited (a Government of India Navratna enterprise) announced its audited financial results for Q4 and FY25 on May 19, 2025. On a standalone basis, revenue from operations declined ~2.2% YoY to Rs. 10,285.78 Crore, while profit after tax grew modestly ~2.9% to Rs. 1,899.99 Crore. Consolidated numbers were stronger — revenue rose ~17.5% to Rs. 15,282.96 Crore and PAT jumped ~45% to Rs. 2,713.61 Crore. Q4 standalone PAT surged sharply to Rs. 656.23 Crore from Rs. 173.18 Crore a year ago. The Board recommended a final dividend of Rs. 1.50 per share (15%) subject to shareholder and C&AG approval, and approved a 74:26 joint venture with Rajasthan Rajya Vidyut Utpadan Nigam for a 3x125 MW lignite-based power plant. The joint statutory auditors issued an unmodified opinion, but flagged a Material Uncertainty Related to Going Concern due to land shortage at Neyveli mines, along with five Emphasis of Matter items (VSVS dispute of Rs. 403.03 Crore, MSME vendor treatment, tariff petitions, change in mine development accounting policy, and subsidiary investment).
Mixed picture for shareholders — strong consolidated earnings growth and a decent dividend are positives, but standalone revenue declined, operating margin compressed (19.36% vs 22.29%), and the auditor's going-concern flag on Neyveli land availability introduces a meaningful overhang. Investors should watch resolution of the land issue and tariff petitions, as these directly affect long-term operations.