Cuddalore: NLC India Limited, Neyveli, registered 17.7% growth in total income in the third quarter of 2019-20 ending December 31. The company registered an income of Rs 2,436.75 crore during the third quarter compared to Rs 2,070.29 crore in the corresponding period of the previous year.
The profit after tax for the quarter stood at Rs 361.55 crore as against Rs 329.49 crore in the corresponding period of the previous year, recording a growth of 9.73%. Power generation during the quarter was 5,469.47 million units compared to 5,430.79 million units in the corresponding period the previous year, registering a marginal 0.71% rise.
The company’s earnings before interest, tax, depreciation, and amortization (Ebitda) witnessed an impressive 45.06% growth in the third quarter in the present fiscal. The company’s Ebitda, which was Rs 751.21 crore in the third quarter of last fiscal, increased to Rs 1,089.74 crore in the corresponding period this fiscal.
The company’s total income in the first nine months ending December 31 of the fiscal also recorded a 13.23% growth. The company’s total income, which stood at Rs 5,792.47 crore in the first nine months in the last fiscal increased to Rs 6,558.63 crore in the corresponding period this fiscal. Power generation registered a 4.73% growth in the first nine months.
The company in the first nine months of the present fiscal commissioned a 351MW solar power plant bringing the total installed capacity of its solar power plants to 1.35GW. The company also commissioned a unit of 300MW lignite-based 1,000MW (two 500MW units) power plant, the first of its kind in the country.
News Source: The Times of India.