NLC India (513683) Q4 85/86 earnings summary

Executive summary

• Record lignite output of 71.35 lakh tonnes; gross power generation reached 3,938 MU, and the fertilizer unit achieved 99.3% of achievable capacity.

• Profit after prior-period adjustments rose to Rs. 60.51 crore from Rs. 57.69 crore, while current-year profit declined to Rs. 54.60 crore from Rs. 58.97 crore.

• Converted to a public limited company effective 7 March 1986; the first 210 MW unit of the Second Thermal Power Station was commissioned in March 1986.

Financial highlights

• Sales revenue was Rs. 195.05 crore versus Rs. 186.16 crore; total income was Rs. 207.06 crore versus Rs. 199.18 crore.

• Profit before interest, depreciation and amortisation was Rs. 83.34 crore versus Rs. 86.07 crore; current-year net profit was Rs. 54.60 crore versus Rs. 58.97 crore.

• Including prior-period adjustments, net profit was Rs. 60.51 crore versus Rs. 57.69 crore; the current year included a Rs. 5.91 crore net prior-period credit.

• Sales turnover increased to Rs. 174.47 crore from Rs. 170.73 crore; power sales fell to Rs. 113.82 crore from Rs. 115.91 crore, while urea sales rose to Rs. 26.14 crore from Rs. 21.96 crore.

Outlook and guidance

• Management expected to attain the targets set for 1986-87, based on prevailing operating trends.

• Second Thermal Power Station Unit II was expected to be commissioned in March 1987 and Unit I in March 1988.

• The Second Thermal Power Station Stage II transmission system received government sanction on 14 August 1986, at an estimated capital cost of Rs. 250.71 crore.