NLC India (513683) Q4 86/87 earnings summary

Executive summary

• Record profit for the 11th consecutive year: Rs. 67.80 crore after prior-period adjustments; production and power generation reached new highs.

• Unit II of the Second Thermal Power Station was dedicated to the nation; it was synchronised seven weeks ahead of schedule.

Financial highlights

• Sales revenue was Rs. 254.18 crore versus Rs. 195.05 crore in 1985-86; total income was Rs. 266.73 crore versus Rs. 207.06 crore.

• Profit before tax was Rs. 67.21 crore before prior-period adjustments; net prior-period credit of Rs. 0.59 crore lifted profit after adjustments to Rs. 67.80 crore.

• Capital expenditure was Rs. 268.75 crore versus Rs. 198.27 crore in 1985-86.

Outlook and guidance

• Unit I of the Second Thermal Power Station was scheduled for commissioning by March 1988; expansion projects were reported to be progressing to schedule.

• Proposals under Government consideration included Mine I expansion, additional 210 MW units, an 11-million-tonne-per-year Mine III, and a 3 x 500 MW power station.

• Perspective and corporate plans covered lignite mining and power generation through 2005, with detailed planning scheduled for completion in 1987-88.