NLC India earnings calls.
Other · 1 quarter tracked · source-linked performance, management guidance and promise context.
Latest revenue
₹4,443 Cr
verified financial record
Quarters tracked
1
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What changed this quarter?
NLC India reported mixed Q3 FY26 performance with 9-month consolidated revenue at 12,447 crore (+9% YoY) and PAT at 2,288 crore (+2% YoY), though Q3 standalone revenue was essentially flat year-on-year due to lower power demand from favorable weather conditions. Gatamur Unit 2 (660 MW) achieved COD on December 9, 2025, and Pachwara South mine commenced operations in December. Fixed cost under-recovery on standalone basis widened to 623 crore from 510 crore a year ago, with management attributing volatility to TPS2 expansion technical issues now partially resolved. The renewable energy expansion program targets 8 GW by 2028 and 10 GW by 2030, supported by multiple state government JVs. NIRL IPO is expected in September 2026. The primary risk is that coal fuel costs are rising with Gatamur operations while generation cannot compensate due to subdued demand, compressing margins on the thermal business during the transition period.
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Revenue
₹4,443 Cr
Source date
Pending
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