NLC India shares gain up to 13% after strong Q4 revenue growth, margin expansion

NLC India shares gain up to 13% after strong Q4 revenue growth, margin expansion


Shares of NLC India Ltd. gained over 13% on Thursday, May 14, reacting to their fourth quarter earnings. This is the biggest single-day gain for the stock since February 2024.

Q4 Highlights

The company reported a positive set of earnings across all parameters. Its net profit came in at ₹1,394 crore up from ₹482 crore it reported last year.

Its revenue increased 31.5% to ₹5,042.5 crore from 3,836 crore in the fourth quarter last year.

Its earnings before interest, tax, depreciation and amortization (EBITDA) increased to 1,774.4 crore form ₹861.4 crore in the same period last fiscal. EBITDA margin expanded by over 13 percentage points to 35.2% from 22.5% in the year-ago period.

NLC India’s board has also recommended a final dividend of 2.5% or ₹0.25 per equity share for FY26. The same is subject to the approval The details regarding the record date as well as the dividend payment timeline are yet to be announced.

Segmental Revenues

NLC India’s mining revenues were at ₹2,376.9 crore up 21.1% from last year’s ₹1,962.9 crore. Its thermal power revenues increased 35.5% to ₹4,183.6 crore from ₹3,088 crore.

The company’s renewable power revenues were up 20% at ₹210.2 crore from ₹175.3 crore in the year-ago period.

Land availability constraints

NLC India said it is facing land availability constraints at Neyveli, which is impacting its lignite mining operations.

It added that it is taking sustainable measures, including contingency mining, to ensure lignite availability and is addressing the constraints.

Shares of NLC India are trading 12% higher on Thursday at ₹363.45. The stock is the top gainer on the Nifty 500 index on Thursday and has gained 43% so far in 2026.

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