NLC India’s net profit rises 28% for 2022-23 year

Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India Ltd, has declared financial results Q4 of FY 2022-23. The key highlights of Quarter and Year ended 31.03.2023are as follows: Power Generation of 30.08 BU in FY 2022-23 against 29.20 BU in FY 2021-22, is the highest ever, witnessing a growth of 3 % . Power export has also touched an all time high of 26.81 BU in FY 2022-23 against 25.89 BU in FY 2021-22 , witnessing a growth of 3.55 % . NLCIL has also recorded an all Time Highest Ever Renewable Power Generation of 2,195 MU in FY 2022-23 against 2,184 MU in FY 2021-22. Revenue from operations have also recorded the highest atRs 16,165 Cr in FY 2022-23 against Rs 11,948 Cr in FY 2021-22, with an increase of 35 % over the previous year. The Net Profithas jumped 28 % in FY 2022-23 at Rs 1,426 Cr against Rs 1,116 Cr in FY 2021-22 while the collection efficiency stood at 90.19 % in FY 2022-23. The Capex during 2022-23 stands at Rs 3,308 Cr against MoU Target of Rs 2,920 Cr , achieving 113 % of the target. EBITDA of Q4 2022-23 stood at Rs 1,958 Cr against Rs 1,239 Cr in Q4 2021-22 , with an increase of 58 % .