NLC India (513683) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue from operations was ₹4,732.35 crore and profit for the period was ₹1,328.01 crore; H1 revenue was ₹9,449.10 crore and profit ₹1,764.34 crore.

• Board declared an interim dividend of ₹1.50 per share and approved up to ₹2,500 crore of debenture issuance, a 660 MW NUPPL expansion, and an NIRL IPO-related offer for sale.

Financial highlights

• Consolidated Q2 revenue from operations was ₹4,732.35 crore versus ₹4,178.41 crore YoY; profit before tax was ₹464.65 crore versus ₹921.34 crore.

• Consolidated H1 revenue was ₹9,449.10 crore versus ₹8,004.02 crore; profit for the period was ₹1,764.34 crore versus ₹1,564.01 crore.

• Standalone Q2 revenue from operations was ₹2,690.88 crore and profit for the period was ₹1,205.00 crore; H1 revenue was ₹5,562.61 crore and profit ₹1,579.28 crore.

• Consolidated H1 net cash from operating activities was ₹2,771.70 crore; investing activities used ₹1,996.64 crore and financing activities used ₹835.93 crore.

Outlook and guidance

• An additional 660 MW unit was approved as a NUPPL expansion within the existing Ghatampur Thermal Power Station premises.

• Debenture issuance of up to ₹2,500 crore is planned in one or more tranches, phased according to requirement; pricing and terms will be set for each tranche.