NLC India Limited , a Navratna public sector undertaking, has reported a mixed set of financial results for the second quarter. The company saw an increase in revenue but experienced a decline in net profit compared to the same period last year.

Revenue and EBITDA Growth

NLC India's revenue for Q2 rose to ₹41.78 billion, up from ₹36.60 billion in the corresponding quarter of the previous year, marking a 14.15% increase. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw significant growth, reaching ₹14.00 billion compared to ₹10.72 billion year-over-year. This resulted in an improved EBITDA margin of 33.50%, up from 29.34% in the same quarter last year.

Profit Decline

Despite the revenue growth, NLC India's consolidated net profit for Q2 declined to ₹6.66 billion, down from ₹9.10 billion in the previous year's corresponding quarter. This represents a 26.81% decrease in net profit year-over-year.

Financial Performance Overview

Operational Highlights

The company's board of directors, in a meeting held on October 29, approved several key decisions:

1. An in-principle approval to invest up to ₹666 crore in NLC India Renewables Limited (NIRL), a wholly-owned subsidiary, for funding green energy projects through joint venture companies.

2. The appointment of Shri Sushanta Kumar Panda as the new Company Secretary and Compliance Officer, effective October 30.

3. Approval for borrowing a rupee term loan of ₹1,200 crore from Punjab National Bank to refinance the existing loan for the 1000 MW Neyveli New Thermal Power Station (NNTPS).

Challenges and Future Outlook

NLC India faces challenges related to land availability for lignite mining at Neyveli, which is impacting its operations. However, the company remains confident in overcoming these challenges through sustained efforts in the near future. To ensure lignite availability, NLC India has undertaken contingency mining with additional costs and resources.

The company continues to focus on expanding its renewable energy portfolio, as evidenced by the investment approval in NIRL and the recent commissioning of 52.83 MW of a 300 MW Solar Power Project at Barsingsar.

As NLC India navigates through these operational challenges and continues its expansion in the green energy sector, investors and stakeholders will be closely watching how the company balances its traditional mining operations with its renewable energy ambitions in the coming quarters.

NLC India Limited (NSE: NLCINDIA, BSE: 513683), a 'Navratna' Government of India Enterprise, announced the untimely demise of Dr. Beela Venkatesan, who served as the Government Nominee Director on the company's board. Dr. Venkatesan passed away on September 24, 2025, leaving behind a legacy of dedicated service to the organization.

Board Composition Impact

Dr. Beela Venkatesan, who held the Director Identification Number (DIN) 02729408, ceased to be a director of NLC India Limited effective from the date of her passing. The company, in its official communication to the stock exchanges, described her unexpected demise as an 'irreparable loss' to the organization.

Corporate Governance Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, NLC India Limited promptly informed the National Stock Exchange of India Ltd. and BSE Ltd. about this significant event. The company adhered to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, which mandates the disclosure of such material events.

Condolences and Remembrance

The Board Members and employees of NLC India Limited have expressed their deep sympathy, sorrow, and condolences to Dr. Venkatesan's family. The company's statement reflected the high regard in which Dr. Venkatesan was held, emphasizing the profound impact of her loss on the organization.

Corporate Updates

In a separate but related corporate announcement, NLC India Limited also notified the stock exchanges about the closure of the trading window for company insiders. The trading window will remain closed from September 30, 2025, until 48 hours after the declaration of the Un-Audited Financial Results for the Quarter and Half Year ending on September 30, 2025. This closure is in accordance with the company's internal procedures and SEBI regulations on insider trading.

NLC India Limited, with its registered office in Chennai and corporate office in Neyveli, Tamil Nadu, continues to operate as a key player in the Indian energy sector. As the company navigates this period of transition, stakeholders will be watching closely for any updates on the appointment of a new Government Nominee Director to fill the vacancy left by Dr. Venkatesan's passing.