Multibagger PSU Stock Jumps 8% As Net Profit Zooms 163.83% YoY To Rs 1084.7 Cr

Mid cap state-owned company NLC India Ltd shares gained 7.56% to Rs 130.90 crore on October 29 after the company a day before (October 26, 2023) declared a sharp surge of 163.83% year-on-year (YoY) in its net profit to Rs 1084.7 crore for Q2 of FY 2023-24 as against Rs 410.9 crore in corresponding quarter of last year. NLC India shares gained 63% in last 6-months and soared 104% in last 2-years. Check details below:

NLC India Q2 Results: The company announced its total revenue at Rs 2,998.5 crore for Q2 of FY 2023-24, down 14.7% as compared to Rs 3489.3 crore declared an year ago. The company's EBITDA (earnings before interest, tax, depreciation, and amortization) at the operating level slipped 29.2% to Rs 834.6 crore for second quarter of current fiscal from Rs 1179.3 crore in the corresponding period of last fiscal.

The company's EBITDA margin arrived at 28% for the quarter under consideration as against Rs 33.8% declared in the corresponding quarter of preceding fiscal. NLC India reported its profit before tax for the half year ended September 30, 2023 at Rs 2215 crore, up 71.42% as against Rs 1292 crore in the corresponding period of last year.

The company's revenue from operation for half year declared at Rs 5072 crore as compared to Rs 5847 crore in the corresponding quarter of last year.

NLC India Stock Outlook & Return: Last trading price of NLC India share on BSE is Rs 130.90 per share. Its 52-week high price is Rs 147.40 per share and 52-week low price is Rs 69.79 per share, respectively. The company's market capitalisation is Rs 18,151.07 crore. NLC India stock surged 77% in last 1-year, gained 103% in last 2-years, and soared 167% in last 3-years. In last 5-years, NLC India stock gained 62%.

NLC India About: For more than six glorious decades, NLC India Limited has been a forerunner amongst the Public Sector Enterprises in the country in the energy sector, contributing to a lion's share in lignite production and significant share in thermal and renewable energy generation. The Company was incorporated on 14.11. 1956. NLCIL is a Navratna Government of India Enterprise, under the administrative control of Ministry of Coal. Today, the company has set its footprints in PAN India mode in the states of TamilNadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman & Nicobar Islands, according to its official website.

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