State-run NLC India Ltd reported a 27.1% year-on-year decline in consolidated net profit for the quarter ended September 2025 at ₹665 crore, compared with ₹912 crore in the corresponding quarter last year.
Shares slid past the lowest point in over a month soon after the earnings.
Revenue from operations rose 14% to ₹4,178.4 crore from ₹3,657.3 crore a year ago, supported by higher output and improved realisations for the Chennai-based lignite coal miner.
Operating performance was stronger, with earnings before interest, tax, depreciation, and amortisation (EBITDA) up 30.5% year-on-year to ₹1,400 crore from ₹1,073 crore.
EBITDA margin expanded to 33.5% from 29.3% in the same period last year.
The board also granted in-principle approval to invest up to ₹666 crore in its subsidiary, NLC India Renewables Ltd, to support its growth plans in the clean energy segment.
In addition, the company said it will borrow ₹1,200 crore from Punjab National Bank to refinance an existing rupee term loan linked to its 1,000 megawatt (MW) power project.
“NLCIL is facing a deficit in the availability of land at Neyveli for lignite mining, which is impacting its operations, However, the Company is confident of overcoming the challenges on land acquisition at Neyveli mines with sustained efforts, in the near future. In order to ensure availability of lignite, the company has undertaken contingency mining with additional cost and resources,” the company added in its statement.
First Published: Oct 29, 2025 2:14 PM IS
