New Delhi: NLC India Limited has reported a strong financial performance for the second quarter of FY27, with its consolidated net profit rising 83.2% year-on-year to ₹1,328.01 crore, compared with ₹724.80 crore in the corresponding quarter of the previous financial year.
The company’s revenue from operations also increased to ₹4,732.35 crore during the July-September quarter.
Alongside its financial results, the Navratna public sector undertaking (PSU) announced an interim dividend of ₹1.50 per equity share for FY 2026-27. The company has fixed November 12, 2026, as the record date to determine shareholders eligible to receive the dividend.
The company also approved several strategic proposals, including an additional 660 MW unit at Ghatampur Thermal Power Station, a ₹2,500 crore bond issue and an Offer for Sale (OFS) of up to 10 crore shares in its renewable energy subsidiary, NLC India Renewables Limited (NIRL).
NLC India Q2 FY27 Financial Performance
NLC India recorded consolidated net profit of ₹1,328.01 crore in Q2 FY27, marking an increase of approximately 83.2% from ₹724.80 crore reported in Q2 FY26.
Revenue from operations stood at ₹4,732.35 crore during the quarter, reflecting growth in the company’s operating performance.
The quarterly results highlight an improvement in profitability compared with the corresponding period of the previous financial year.
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NLC India Announces ₹1.50 Interim Dividend, Record Date November 12
The company’s board approved an interim dividend of ₹1.50 per equity share for FY 2026-27.
Shareholders holding eligible shares as of November 12, 2026, will be entitled to receive the dividend. The record date has been fixed to determine the eligible shareholders.
The dividend announcement comes alongside the company’s quarterly financial results and other key strategic decisions.
Additional 660 MW Unit Approved at Ghatampur Thermal Power Station
As part of its long-term capacity expansion strategy, NLC India has approved the establishment of an additional 660 MW unit at the Ghatampur Thermal Power Station in Uttar Pradesh.
The proposed expansion will strengthen the company’s conventional power generation portfolio and add to its overall electricity generation capacity.
The project forms part of NLC India’s efforts to expand its power generation infrastructure to support long-term energy requirements.
NLC India Plans OFS of 10 Crore NIRL Shares for Proposed IPO
NLC India is also taking steps to unlock value from its renewable energy business through the proposed listing of NLC India Renewables Limited.
The company has approved an Offer for Sale of up to 10 crore equity shares held by NLC India in its wholly owned subsidiary, NIRL, as part of the subsidiary’s proposed Initial Public Offering (IPO).
The proposed share sale is aimed at providing greater visibility to NIRL’s renewable energy business and potentially creating additional value for shareholders.
The proposed listing is also expected to provide a separate platform for the renewable energy subsidiary as it pursues its growth plans.
₹2,500 Crore Bond Fundraising Plan
NLC India has also approved a proposal to raise up to ₹2,500 crore through bonds in the nature of debentures on a private placement basis.
The fundraising may be undertaken in one or more tranches, with the bonds proposed to be listed on both the BSE and the National Stock Exchange (NSE).
The tenure, coupon rate and security arrangements will be decided at the time of each tranche.
The proposed fundraising will support the company’s capital requirements and provide financial resources for its ongoing and planned projects, including investments in power generation and infrastructure.
Deferred Tax Impact and NUPPL Advances
Despite the strong growth in consolidated net profit, certain accounting and project-related developments are important aspects of the company’s financial performance.
NLC India reported an impact of ₹714.17 crore arising from the remeasurement of deferred tax assets.
In addition, the company has made a 100% provision against advances amounting to ₹1,537.12 crore related to the Neyveli Uttar Pradesh Power Limited (NUPPL) project.
The full provision reflects the financial implications of the unresolved project-related advances and brings the recovery of these amounts into focus.
Other Reported Q2 FY27 Financial Figures
The additional financial figures provided for the quarter show revenue from operations rising 13.3% to ₹4,732.35 crore, compared with ₹4,178.41 crore in Q2 FY26.
Total income increased 11% to ₹4,826.61 crore from ₹4,346.72 crore in the corresponding quarter of the previous year.
However, EBITDA declined 2.3% to ₹1,368 crore from ₹1,400 crore a year earlier. The EBITDA margin also contracted to 28.9%, compared with 33.5% in Q2 FY26.
About NLC India Limited
NLC India Limited is a Navratna public sector undertaking under the Ministry of Coal, Government of India. The company is engaged in lignite and coal mining, as well as power generation. It is also expanding its presence in renewable energy through its subsidiary, NLC India Renewables Limited.
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