Neyveli: NLC India Limited, the state-owned mining and power generation company, reported a 13.53% increase in net profit for the third quarter of FY26, driven by steady performance in its mining and power generation segments. The company also saw an improvement in its operating margin to 17.36%, reflecting stronger operational efficiency.
Strong Q3 Financial Performance
For Q3FY26, NLC India’s total income stood at ₹4,807.10 crore, with revenue from mining and power generation segments at ₹2,210.7 crore and ₹3,913.83 crore, respectively. Consolidated net sales or income from operations reached ₹4,443.05 crore, compared to ₹4,411.47 crore in the corresponding period last year.
The company reported a net profit of ₹724.01 crore, up from ₹696.03 crore in Q3FY25. While operating margins improved from 15.93% to 17.36%, net profit margins slightly declined to 16.80% from 19.21% in the previous year.
Record-Breaking Nine-Month Performance
NLC India Limited achieved its highest-ever revenue from operations for the nine months ending December 2025 at ₹12,447.07 crore, up 8.74% year-on-year. Profit After Tax (PAT) rose to ₹2,288.02 crore, marking a 1.91% growth. EBITDA for the period increased by 4.34% to ₹4,898.62 crore, while net worth grew 11.92% to ₹20,639.91 crore.
The company generated a total of 20,543.12 MU of power, including 1,595.95 MU from renewable energy sources, highlighting its ongoing commitment to green energy.
Standalone Performance
On a standalone basis, NLC India’s revenue from operations grew 5.06% to ₹7,945.59 crore, with PAT increasing 3.04% to ₹1,281.59 crore. Coal production was slightly lower at 113.33 lakh tonnes, but power debtors’ collection efficiency improved to 118.96%. Standalone net worth rose 8.97%.
Key Operational and Project Milestones
During Q3FY26, NLC India achieved several operational milestones:
- COD of NUPPL GTPP Unit II (660 MW) on 9th December 2025.
- Talabira Mine set a record daily output of 1,01,040 tonnes of coal production and 91,124 tonnes dispatch.
- Pachwara South Open Cast Mines began operations on 19th December 2025.
- Commissioning of a 300 MW Solar Plant at Barsingsar, the company’s highest-capacity single-location solar plant, on 23rd January 2026.
- Received Letter of Award for 110 MW Solar Project from NCRTC in Uttar Pradesh.
- Green Loan of JPY 15.464 billion (USD 100 million) signed with SMBC via subsidiary NIRL.
- JV agreement with PTC India Ltd for 2,000 MW of green energy and long-term PPA with SJVNL for 200 MW wind power.
- LoA for a 4 MW PEM Electrolyser-based Green Hydrogen Plant in Neyveli.
Corporate Highlights
NLC India declared an interim dividend of 36% (₹3.60 per share), the highest in five years. The company achieved Capex of ₹6,242 crore, exceeding the annual target by 23%. Additionally, NLCIL won the Silver Shield at the ICAI Awards for Excellence in Financial Reporting 2024-25 and received an “Excellent” rating under DPE MoU evaluation for FY 2024-25.
About NLC India Limited
NLC India Limited is a leading state-owned public sector undertaking (PSU) specializing in coal mining, power generation, and renewable energy projects. Headquartered in Neyveli, Tamil Nadu, NLC India plays a vital role in India’s energy sector, with a growing focus on sustainable and green energy solutions.
