NLC files a net profit amounting to 2386.86 crores INR

Rakesh Kumar, Chairman-cum-Managing Director, NLC India Limited, has announced a total income of the company Rs.2386.86 crore as against Rs.1904.03 crore in the corresponding period of the previous year, registering a growth of 25.36% for the quarter ended June 30, 2020. During the quarter, the Company recognised as an Exceptional Item, the one-time Rebate of Rs.42.09 crore to DISCOMs
on account of COVID-19 pandemic based on guidelines issued by Ministry of Power, Govt. of India. Profit Before Tax (PBT) for the quarter is Rs.455.42 crore as against Rs.429.12 crore in the corresponding period of the previous year, registering a growth of 6.12%. Profit after tax for the quarter ended 30.06.2020 is Rs.292.54 crore as against Rs.323.04 crore in the corresponding period of
the previous year. Power generation during the quarter ended 30.06.2020 is 5698.60 MU as against 5059.11 MU in the corresponding period of the previous year, registering a growth of 12.64% mainly on account of commissioning of Unit-I of NNTPS ( 2 X 500 MW) and of 709 MW Solar Project in previous 3 rd quarter of previous year. Power export during the quarter ended 30.06.2020 is 4962.67 MU as against 4305.88 MU in the corresponding period of the previous year, registering a growth of 15.25%. The EBIDTA (excluding exceptional item) for the quarter ended 30.06.2020 is Rs.1075.48 crore as against Rs. 755.55 crore, registering a growth of 42.34%.