NLC India Q3 FY26: PAT Rs 428 cr; auditor flags going concern uncertainty

Going ConcernEmphasis Of MatterResults View source PDF Explain this filing

NLCINDIA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹261.90

prior close

₹258.00

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%-2.2% vs market

Power Generation peers, median of 27sector+0.4%-2.2% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Midcap 150 and 2.2 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.0

15m

-0.1

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8+0.4-2.2+0.4-2.2

Next day

-1.9+0.4-2.3+0.7-2.7

-0.7-0.1-0.6+0.4-1.2

-1.3-1.7+0.4-1.7+0.4

-1.7-1.3-0.4-2.0+0.3

-0.3-1.0+0.8-2.7+2.5

-1.5-2.1+0.6-3.0+1.5

15d

-5.4-5.7+0.3-8.6+3.2

-6.3-5.4-0.9-10.4+4.1

+1.9-4.4+6.3-0.3+2.2

+26.3+1.1+25.1+8.6+17.7

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NLC India reported Q3 FY26 standalone revenue of Rs 2,885 cr (up 4% YoY) and PAT of Rs 428 cr (up 5% YoY). Nine-month PAT rose 3% to Rs 1,282 cr. The auditor flagged material uncertainty on going concern due to land shortage at Neyveli mines affecting lignite mining. Emphasis of matter was raised on Rs 409 cr disputed VSVS billing to DISCOMs pending in court. NUPPL Unit-2 of 1,980 MW achieved COD on Dec 9, 2025. Company declared 36% interim dividend.

Likely market impact

Going concern flag and ongoing regulatory disputes add uncertainty despite steady numbers and continued dividend payout.