NLC India Limited has submitted a Revised Outcome of its Board Meeting originally held on Tuesday, February 10, 2026. This revision was necessitated due to a technical issue during the conversion of the PDF file to OCR format, which inadvertently removed the DSC signature from the Limited Review Report. The revised submission includes the correctly signed report by the Joint Statutory Auditors on the Un-Audited Financial Results for the quarter ended December 31, 2025.
Board Outcome Revision Filed
NLC India Limited formally notified exchanges on March 6, 2026, regarding a necessary revision to the Outcome of the Board Meeting that took place on February 10, 2026. The original submission contained an error where the DSC signature on the Annexure—the Limited Review Report—was lost during a technical conversion process.
Revised Financial Results Submission
The company has resubmitted the complete Outcome, which now includes the signed Limited Review Report provided by the Joint Statutory Auditors. This report covers the Un-Audited Financial Results of the Company for the quarter ended December 31, 2025.
Standalone Financial Highlights (Q3 FY2025-26 vs. Q3 FY2024-25)
Revenue and Profit Summary
Reviewing the Unaudited Standalone Financial Results:
- Total Income: Grew to ₹3,248.42 Crore for the quarter ended 31-12-2025, compared to ₹2,996.09 Crore in the corresponding quarter last year (31-12-2024).
- Profit Before Tax (PBT): Stood at ₹572.67 Crore for the quarter, against ₹556.70 Crore in Q3 FY2024-25.
- Profit for the period: Was ₹427.92 Crore for the current quarter, up from ₹408.40 Crore year-on-year.
Nine Months Performance (Ending 31-12-2025)
For the nine months ended December 31, 2025:
- Total Income: Reached ₹8,832.68 Crore, compared to ₹8,388.48 Crore in the previous year period.
- Profit for the period: Amounted to ₹1,281.59 Crore.
- Basic EPS (Continuing Operations, adjusted): Stood at ₹9.24 per share, compared to ₹8.97 per share previously.
Consolidated Financial Highlights (Q3 FY2025-26 vs. Q3 FY2024-25)
Consolidated Income and Profit Summary
The Consolidated Results also reflect a positive trend:
- Total Income: Was ₹4,807.10 Crore for the quarter ended 31-12-2025 (up from ₹4,900.79 Crore in Q3 FY2024-25, noting a slight decrease in total income comparison due to the segment adjustments mentioned below). For the nine months, Total Income was ₹13,269.67 Crore (vs. ₹12,917.56 Crore previously).
- Profit Before Tax (PBT): Stood at ₹842.60 Crore for the quarter (against ₹829.76 Crore YoY).
- Profit for the period (attributable to Owners): Was ₹666.03 Crore for the quarter.
Consolidated Segment Trends
Segment-wise performance shows changes, particularly in Power Generation, which reported ₹1,207.23 Crore in Profit Before Tax and Interest for the quarter, compared to ₹53.08 Crore in Q3 FY2024-25. Mining segments remained relatively stable year-over-year.
Key Notes to Financial Statements
Several significant operational and regulatory matters were highlighted:
- Land Availability: The company continues to face challenges related to the deficit in land availability for lignite mining operations at Neyveli Mines, necessitating contingency mining.
- Regulatory Disputes (VSVS): A regulatory deferral liability of ₹409.46 Crore related to disputed income tax recoverable from DISCOMs under the VSVS scheme has been retained as of December 31, 2025.
- Capital Expenditure/Transfer: The transfer of 1430 MW of Renewable Energy Assets to the wholly owned subsidiary, NLC India Renewables Limited, was effective from January 1, 2026, subsequent to the reporting date.
- Dividend: An Interim Dividend of 36% (₹3.60 per share) was declared for FY 2025-26 on January 12, 2026.
Auditors’ Review Report
The Independent Auditors’ Limited Review Report confirms that, based on their review and consideration of branch auditors’ reports, nothing has come to their attention that suggests the accompanying statements are materially misstated or fail to disclose required information under the applicable standards. The auditors did not review the interim information for branches at Talabira and Barsingsar.
Source: BSE
