Annual Results
NLC India Records Highest-Ever FY26 Revenue, PAT and Power Generation Performance
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NLC India Limited (NLCIL) reported record financial and operational performance for FY2025-26, achieving all-time high revenue, profit after tax, EBITDA, coal production and power generation. The company also crossed a market capitalization of ₹46,660 crore during the year.
PRICE-SENSITIVE TRIGGER
Event:Â FY2025-26 Financial & Operational Results Announcement
Type:Â Annual Results
Impact: Positive
Immediate Effect: Strong operational execution, record profitability, and capacity expansion strengthen NLC India’s position across coal mining, thermal power, and renewable energy businesses.
Key Metrics:
Standalone FY26 Performance
- Coal Production:Â 19.14 MT
- Revenue from Operations: ₹10,864 crore
- PAT: ₹2,525 crore
- EBITDA: ₹5,006 crore
- Net Worth: ₹19,270 crore
- Coal Production Growth:Â 11.28%
- Revenue Growth:Â 5.62%
- PAT Growth:Â 32.90%
- EBITDA Growth:Â 4.54%
- Declared Interim Dividend: 36% (₹3.60 per share)
- Recommended Final Dividend: 2.5% (₹0.25 per share)
Group FY26 Performance:
- Gross Power Generation:Â 28.95 BU
- Renewable Energy Generation:Â 2.26 BU
- Revenue from Operations: ₹17,490 crore
- PAT: ₹3,769 crore
- EBITDA: ₹7,475 crore
- Net Worth: ₹21,525 crore
- Revenue Growth:Â 14.44%
- PAT Growth:Â 38.91%
- EBITDA Growth:Â 14.78%
- Collection Efficiency:Â 100% from Power Debtors
Additional Highlights:
- Highest Market Price Achieved: ₹336.50 per share (NSE)
- Market Capitalization Crossed: ₹46,660 crore
Highlight:
- Label:Â Record FY26 PAT
- Value: Group PAT reached all-time high of ₹3,769 crore
What Happened ?
NLC India Limited announced record financial and operational performance for FY2025-26, supported by strong coal production, power generation growth, renewable energy expansion, and improved profitability.
The company achieved its highest-ever annual revenue, PAT, EBITDA and generation levels. NLCIL also expanded renewable energy operations, commissioned new capacities, secured mining approvals, and strengthened strategic energy initiatives.
The company further highlighted significant capacity additions, renewable energy asset monetization, and progress in green energy projects.
key highlights
Operational & Strategic Performance:
- NLCIL achieved record annual coal production of 19.14 MT.
- Renewable energy power generation reached 2.26 BU during FY26.
- Total gross power generation stood at 28.95 BU.
- Capacity additions of 1,013 MW were completed during the year.
- Pachwara South Coal Mine commenced coal production in March 2026.
- NIRL received LoA from SECI for 600 MW solar capacity coupled with 300 MW / 1800 MWh energy storage system.
- Seven operational renewable assets totaling 1.4 GW were transferred from NLCIL to NIRL under asset monetization plans.
- Government approved alternative mechanism listing of NIRL through fresh equity issuance and partial stake dilution.
- NLCIL secured approvals for renewable JV projects in Uttar Pradesh.
- External commercial borrowings worth EURO 100 million were tied up with KfW Germany.
- Net worth and operational efficiency improved significantly during FY26.
- The company achieved 100% collection efficiency from power debtors.
Note:
- The company continues to focus aggressively on renewable energy expansion, mining growth, and asset monetization while maintaining strong profitability.
Risk Analysis
Key Risks
- Coal mining and thermal generation businesses remain exposed to regulatory and environmental policies.
- Renewable expansion projects require significant capital deployment and execution efficiency.
- Commodity and energy pricing fluctuations may impact margins.
- Delays in mine approvals or project commissioning could affect future growth.
- Large-scale expansion increases financing and operational execution risks.
Worst Case Scenario
- Any slowdown in power demand, renewable execution delays, or regulatory disruptions in coal mining operations could adversely impact profitability and future capacity utilization.
Risk Level: Medium
Company Commentary
- NLC India stated that FY2025-26 marked its highest-ever production and financial performance.
- Management highlighted record coal production and renewable generation growth.
- The company emphasized strategic renewable energy expansion and asset monetization initiatives.
- NLCIL confirmed capacity additions exceeding 1,000 MW during FY26.
- The Board recommended final dividend payout for shareholders.
Official Exchange Filing: NLC India Limited