NLC India Ltd - Financial Results for quarter ended Sep 30, 2020

Power generation during the quarter and half year ended 30.09.2020 was 3791.31 MU and 9489.92 MU respectively as against 5273.02 MU and 10332.13 MU respectively in the corresponding period of the previous year the reduction in generation is mainly due to fire incident in TPS-II and retirement of TPS-I, partly offset by operation of new units of Unit-I of NNTPS (500 MW) and Solar 709 MW. Power export during the quarter and half year ended 30.09.2020, was 3225.21 MU and 8184.44 MU respectively as against 4512.64 ~ MU and 8818.11 MU respectively in the corresponding period of the previous year.

The total income of the Company during the quarter and half year ended 30.09.2020 was Rs.1849 crore and Rs.4235.86' crore respectively as against Rs.2217.85 crore and Rs.4121.88 crore respectively in the corresponding period of the previous year. Profit after tax for the quarter and half year ended 30.09.2020 was Rs.20.39 crore and Rs.312.93 crore respectively as against Rs.336.78 crore and Rs.659.82 crore respectively in the corresponding period of the previous year. Solar power generation during the quarter and half year ended 30.09.2020 was 492.14 MU and 994.59 MU respectively as against 325.59 MU and 590.30 MU respectively in the corresponding period of the previous year, with increase of 51.2% and 68.5% respectively in both the periods.

The EBIDTA for the half year ended 30.09.2020 was Rs.1804.38 crore as against Rs. 1665.4 crore, registering a growth of 8.3%. The EBIDTA for the quarter ended 30.09.2020 was Rs.728.9 crore as against Rs. 909.85 crore; with reduction of 19.9%. For the Consolidated financial statement, the total income of the Group during the quarter and half year ended 30.09.2020 was Rs.2508.85 crore and Rs.5574.65 crore respectively as against Rs.2763.69 crore and Rs.5094.38 crore respectively in the corresponding period of the previous year. Profit after tax for the quarter and half year ended 30.09.2020 was Rs.61.98 crore and Rs.270.94 crore respectively as against Rs.405.46 crore and Rs.554.71 crore respectively in the corresponding period of the previous year.

Shares of NLC India Ltd was last trading in BSE at Rs.51.85 as compared to the previous close of Rs. 51. The total number of shares traded during the day was 35760 in over 320 trades.

The stock hit an intraday high of Rs. 52.05 and intraday low of 51.15. The net turnover during the day was Rs. 1850195.

Source : Equity Bulls

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