NLC India Ltd. (NLCIL), a Navratna company under the Ministry of Coal, posted a decline in net profit for the quarter ended September 30, 2020.
The PSU had posted a net profit of ₹20.39 crore (quarter) and ₹312.93 crore (half-year ended) respectively as against ₹336.78 crore and ₹659.82 crore in the corresponding year-ago period.
According to a release, the income of the company during the quarter and half-year ended was ₹1,849 crore and ₹4,235.86 crore respectively as against ₹2,217.85 crore and ₹4,121.88 crore in the corresponding year-ago period.
During the quarter, the company generated 3,791.31 Million Units (MU) as against 5,273.02 MU. The reduction in power generation was mainly due to the fire accident in Thermal Power Station-II and decommissioning of TPS-I, partly offset by operation of new units — Unit I of the Neyveli New Thermal Power Station and solar power generation to the tune of 709 MW.
The PSU also exported 3,225.21 MU for the quarter ended September 30 as against 4,512.64 MU in the corresponding period of previous year.
The NLCIL also posted 19.9 % reduction in the Earnings Before Interest, Tax and Depreciation and Amortisation (EBIDTA) for the quarter ended September 30. The EBIDTA of the company was ₹728.9 crore as against ₹909.85 crore.
You have reached your limit for free articles this month.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Support Quality Journalism.
*Our Digital Subscription plans do not currently include the e-paper, crossword and print.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
Please Email the Editor