The state-run mining and power generation company posted a net profit of ₹1,394 crore for the quarter, compared with ₹482 crore in the year-ago period. Revenue rose 31.5% to ₹5,042.5 crore from ₹3,836 crore a year earlier.
Operating performance improved significantly during the quarter, with EBITDA surging to ₹1,774.4 crore from ₹861.4 crore in the corresponding period last year. EBITDA margin expanded sharply to 35.2% from 22.5%.
Ahead of the earnings announcement, shares of NLC India Ltd closed 6.13% higher at ₹327 on the NSE.
The board has recommended a final dividend of 2.5%, or ₹0.25 per equity share, for FY26, subject to the approval of shareholders at the ensuing annual general meeting. The company said details regarding the record date and dividend payment timeline will be announced later.
The strong quarterly performance comes amid the company’s broader push towards expanding its renewable energy portfolio. Earlier in January, NLC India said its board had granted in-principle approval for the proposed listing of its wholly-owned subsidiary, NLC India Renewables Ltd (NIRL), through dilution of up to 25% equity stake in one or more tranches, subject to regulatory approvals.
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The company had also announced plans to invest up to ₹66.6 crore in NIRL to support green energy projects being executed through joint ventures. Alongside, the board had declared an interim dividend of ₹3.60 per equity share for FY26.
