NLC India Achieves Record Power Generation and 28% Jump in Net Profit, Led by All-Time High Renewable Power Generation in FY 2022-23

NLC India’s net profit for the financial year 2022-23 Jumps 28% Power Generation at an all time high.

The key highlights of Quarter and Year ended 31.03.2023 are as follows:

Power Generation of 30.08 BU in FY 2022-23 against 29.20 BU in FY 2021-22, is the highest ever, witnessing a growth of 3 % . Power export has also touched an all time high of 26.81 BU in FY 2022-23 against 25.89 BU in FY 2021-22 , witnessing a growth of 3.55 % .

NLCIL has also recorded an all Time Highest Ever Renewable Power Generation of 2,195 MU in FY 2022-23 against 2,184 MU in FY 2021-22. Revenue from operations have also recorded the highest atRs 16,165 Cr in FY 2022-23 against Rs 11,948 Cr in FY 2021-22, with an increase of 35 % over the previous year.

The Net Profit has jumped 28 % in FY 2022-23 at Rs 1,426 Cr against Rs 1,116 Cr in FY 2021-22 while the collection efficiency stood at 90.19 % in FY 2022-23. The Capex during 2022-23 stands at Rs 3,308 Cr against MoU Target of Rs 2,920 Cr , achieving 113 % of the target. EBITDA of Q4 2022-23 stood at Rs 1,958 Cr against Rs 1,239 Cr in Q4 2021-22 , with an increase of 58 %.

STANDALONE

The Total Income increased to Rs 14,196 Cr in FY 2022-23 from Rs 10,662 Cr in FY 2021-22 registering a growth of 33 %.EBITDA of Q4 2022-23 stood at Rs 1,700 Cr against Rs 1,185 Cr in Q4 2021-22 , with an increase of 43 % . PAT has jumped 76 % to Rs 774 Cr in Q4 2022-23 from Rs 440 Cr in Q4 2021-22.

PLF stood at 68.86 % , 4 % higher than All India PLF of 64.15 % during the year. Coal Production surged to all time high level of 10.03 MT in FY 2022-23 against 6.36 MT in FY 2021-22 with an increase of 58 % over previous year . Revenue from Sale of Coal has increased 93 % during the current year ,i.e , from Rs 920 Cr in FY 2021-22 to Rs 1,774 Cr in FY 2022-23 .

NLCIL Board has recommended final dividend for FY 2022-23 @ 20 % ( Rs 2 / – per share ) of the paid up equity share capital . Thus , the total dividend for FY 2022-23 amounts to 35 % of the paid up equity share capital ( considering interim dividend of 15 % of the paid up equity capital) .