NLCIL Group Q4 PAT Surges 51.94%

NLCIL has approved the financial results for the year 2020-21 declaring the power generating capacity crossing the 6000 MW mark (6061.06 MW) and mining capacity enhanced by 65% (to 50.6 MTPA).

The power dues collection for the group for the year was 114% of the invoices raised amounting to Rs 11375 crore which is highest ever.

Despite the pandemic situation, the company reported total income for thé year © up by 1.77% to Rs 11798.42 crore.

PAT for the year 1345.44 crore as against the previous year Rs 1452.98 crore which is marginally down by 7.4%. However, PAT for the Q4 surged by 51.94%.

The EBIDTA for the year has also jumped by 6.13% to Rs 5151.18 crore from Rs 4853.64 crore.

Green power generation increased by 38% during the year.

The Board has recommended final dividend of 15% apart from the already declared interim dividend of 10% for the year 2020-21.

Shares of NLC India Ltd was last trading in BSE at Rs.63.4 as compared to the previous close of Rs. 62.75. The total number of shares traded during the day was 1514306 in over 5802 trades.

The stock hit an intraday high of Rs. 65.6 and intraday low of 62.6. The net turnover during the day was Rs. 96780353.

Source : Equity Bulls

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