NLC India Q2 Profit Soars 83% to Rs 1,328 Crore; Declares Rs 1.50 Dividend
Revenue rises to Rs 4,732 crore; company advances thermal expansion, green energy monetisation and Rs 2,500-crore fundraising plan
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NLC India Limited has reported a strong financial performance for the second quarter of FY27, with consolidated net profit surging to Rs 1,328.01 crore, against Rs 724.80 crore in the corresponding quarter of the previous financial year. This represents a year-on-year growth of approximately 83.2%.
The company’s revenue from operations also registered growth, reaching Rs 4,732.35 crore during the quarter.
In another significant announcement, the Navratna PSU declared an interim dividend of Rs 1.50 per equity share. November 12, 2026, has been fixed as the record date for determining shareholders eligible to receive the dividend.
660 MW Ghatampur Expansion Gets Approval
Strengthening its long-term power generation capacity, NLC India has approved a new 660 MW unit at the Ghatampur Thermal Power Station. The proposed expansion underscores the company’s continued focus on strengthening its conventional power generation portfolio.
The project will add to the company’s generation capacity and represents an important component of its long-term expansion strategy.
Green Energy Portfolio: OFS of 10 Crore NIRL Shares
NLC India is also pursuing value unlocking from its renewable energy business.
The company has decided to proceed with an Offer for Sale (OFS) of 10 crore shares in NLC India Renewables Limited (NIRL), as part of its plans to unlock value from its green energy portfolio through a proposed future listing.
The move could provide greater visibility to the renewable energy business and potentially create additional value for shareholders.
Rs 2,500 Crore Bond Fundraising Plan
To support its capital-intensive expansion programme, NLC India is planning to raise Rs 2,500 crore through bonds.
The proposed fundraising is aimed at strengthening the company’s liquidity position and providing financial resources for its ongoing and proposed projects, including investments in power generation and infrastructure.
Deferred Tax and NUPPL Advances: Financial Impact
Despite the strong headline profit growth, certain accounting and project-related developments warrant attention.
The company has reported an impact of Rs 714.17 crore arising from the remeasurement of deferred tax assets.
Additionally, NLC India has made a 100% provision against advances amounting to Rs 1,537.12 crore related to the NUPPL project.
The full provision reflects the financial implications of the unresolved project-related advances and raises questions about the recovery prospects.
