Shares of NLC India Ltd. rose over 12% on Tuesday after it reported a threefold leap within the third quarter of the present monetary 12 months, beating analysts’ estimate.
NLC reported a revenue of Rs 668 crore for the three months ended Dec. 31, 2024, as in comparison with Rs 250 crore for a similar interval final 12 months. The general public sector endeavor’s income surged 39% to Rs 4,411 crore for the October–December quarter from Rs 3,164 crore within the year-ago interval.
Working earnings, or earnings earlier than curiosity, taxes, depreciation, and amortisation, rose over 101% year-on-year to Rs 1,827 crore. The Ebitda margin expanded to 41.4% from 28.6% in the identical interval the earlier 12 months.
NLC India declared a dividend of Rs 1.5 per share at a face worth of Rs 10 every for 2024-25. It has fastened Feb. 7 because the report date for the dividend, whereas the identical can be paid to the shareholders on or earlier than March 4.
The board of the corporate permitted a proposal to take a position Rs 1,110 crore within the three way partnership that can be included between NLC India and Rajasthan Rajya Vidyut Utpadan Nigam Ltd. The JV will help in creating lignite-based thermal energy stations and lignite mines at Rajasthan.