NLC India Reports Record FY26 PAT of ₹3,769 Cr
NLC India reported its highest-ever financial and physical performance for FY26, with consolidated PAT growing 38.91% to ₹3,769 Cr and revenue reaching ₹17,490 Cr. Standalone PAT rose 32.90% to ₹2,525 Cr, supported by record coal production and capacity additions of 1,013 MW. The Board recommended a final dividend of ₹0.25 per share.
*this image is generated using AI for illustrative purposes only.
NLC India Limited announced a historic financial and physical performance for the fiscal year ended March 31, 2026. The company achieved its highest-ever production and generation figures since inception alongside record capital expenditure. The Board of Directors approved the audited financial results for FY 2025-26 at a meeting held on May 13, 2026.
Operational Highlights
The company recorded significant capacity additions of 1,013 MW during the year, comprising 660 MW of thermal power and 353 MW of renewable energy. Annual coal production from Talabira II & III OCP reached 19.14 MT, while renewable energy power generation stood at 2.26 BU. Additionally, the Pachwara South Coal Mine commenced coal production in March 2026. The company executed its highest-ever capital expenditure of over ₹9,131 Cr.
Consolidated Financial Performance
NLC India reported its highest-ever consolidated revenue from operations of ₹17,490 Cr for FY26, a growth of 14.44% compared to ₹15,283 Cr in the previous year. Profit after tax (PAT) surged 38.91% to a record ₹3,769 Cr from ₹2,714 Cr. EBITDA increased 14.78% to ₹7,475 Cr. The net worth stood at ₹21,525 Cr, registering a growth of 14.96%.
| Metric | FY26 (Consol.) | FY25 (Consol.) | Growth (%) |
|---|---|---|---|
| Total Income from Operations (₹ Cr) | 17,490 | 15,283 | 14.44 |
| Net Profit after Tax (₹ Cr) | 3,769 | 2,714 | 38.91 |
| EBITDA (₹ Cr) | 7,475 | 6,513 | 14.78 |
| Net Worth (₹ Cr) | 21,525 | 18,723 | 14.96 |
Standalone Performance and Dividend
On a standalone basis, revenue from operations grew 5.62% to ₹10,864 Cr, while PAT increased 32.90% to ₹2,525 Cr. The company achieved a coal production of 19.14 MT, an 11.28% increase over the previous year. The Board recommended a final dividend of 2.50%, or ₹0.25 per equity share, for FY 2025-26, subject to shareholder approval. An interim dividend of 36%, or ₹3.60 per share, was already declared and paid during the year.
Historical Stock Returns for NLC India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.20% | -2.30% | +7.98% | +42.51% | +46.58% | +463.18% |
How will the planned IPO of NLC India Renewables Limited (NIRL) and the 25% stake disinvestment impact NLC India's consolidated financials and its ability to fund future renewable capacity expansion?
Given the auditors' Material Uncertainty regarding land availability for lignite mining at Neyveli, what is NLC India's contingency strategy to sustain thermal power generation if lignite reserves become critically constrained?
With consolidated debt rising sharply to ₹27,801 Cr and the Debt Service Coverage Ratio declining from 2.63 to 1.75, how sustainable is NLC India's aggressive ₹9,131 Cr+ capex trajectory without risking its credit profile?
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