NLCINDIANSENLC India LimitedMediumNeutral
Announced Mon, 9 Mar · 12:08 IST

The Exchange had sought clarification from NLC India Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI. The response of the Company is enclosed.

Regulatory & Legal View source PDF

NLCINDIA · price

Loading chart…

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

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NLC India has resubmitted its unaidited standalone and consolidated financial results for the quarter and nine months ended 31-Dec-2025, after NSE flagged that the original Limited Review Report attached to the 10-Feb-2026 board meeting outcome was not in the SEBI-prescribed format. The issue was technical: a PDF-to-OCR conversion had inadvertently stripped the digital signature from the auditors' report, and the company has now filed the correctly signed version. On the numbers, standalone revenue from operations for Q3 FY26 came in at ₹2,885.08 crore (up from ₹2,774.68 crore in Q3 FY25), with profit after tax of ₹427.92 crore versus ₹408.40 crore a year ago. Nine-month (9M) FY26 standalone PAT was ₹1,281.59 crore and consolidated PAT was ₹2,288.02 crore. Standalone EPS for 9M FY26 stood at ₹9.24 (after regulatory deferral adjustment). The board had earlier declared a 36% interim dividend (₹3.60 per share) for FY 25-26, and a 1,980 MW NUPPL unit achieved commercial operation on 9-Dec-2025. Auditors flagged a material uncertainty on going concern due to land availability issues at Neyveli mines, and noted ongoing sub-judice regulatory deferral liabilities of about ₹409.46 crore linked to the VSVS scheme dispute.

Likely market impact

This is essentially a procedural resubmission and is not a penalty or adverse action – the original results stand. Investors should focus on the underlying Q3 results (modest top-line and profit growth) and the auditor's going-concern flag tied to land shortages at Neyveli mines, which is the key risk for the stock.