NLC India shares surge most in over five years after profit nearly triples in Q4

Shares of NLC India, the country's leading power generation company, surged as much as 18.99%, its biggest single-day move since May 11, 2021, to hit an intraday high of ₹387 on Thursday after it reported highest-ever power generation in a financial year since inception.

The company said that it recorded annual coal production of 19.14 million tonnes (MT) from Talabira II & Ill OCP, annual coal dispatch came in at 17.69 MT and renewable energy power generation came in at 2.26 billion units (BU).

The company added capacity to the tune of 1,013 megawatts (MW) including thermals capacity at 660 MW and renewable capacity of 303 MW.

The company invested more than ₹9,131 crore in capital expenditure which was highest in a fiscal year since the company was formed.

NLC India's net profit in January-March quarter jumped 189% to ₹1,393 crore from ₹482 crore in the same period last year.

The company's revenue from operations advanced 31% annually to ₹5,042 crore compared with ₹3,836 crore in the corresponding period last year.

NLC India recorded a strong operational performance as its earnings before interest, taxes, depreciation and amortization (EBITDA) also known as operating profit more than doubled to ₹1,774 crore and its EBITDA margin improved by 12.7 percentage points to 35.18%.

During financial year 2025-26, NLC India received approval from the central government for formation of the JV company between NLC India Renewables Limited (NIRL) and National Capital Region Transport Corporation (NCRTC) for setting up of renewable projects of 100 MW in Uttar Pradesh.

The company also received a composite licence received from Chattisgarh government for Semhardih Phosphorite & Limestone Block and Raipura Phosphorite & Limestone Block to carry out detailed geological exploration in the blocks.

Its renewable energy subsidiary received the Letter of Award (Lo A) from Solar Energy Corporation of India (SECI) for development of 600 MW solar capacity coupled with 300MW/1800 MWh Energy Storage System (ESS) awarded through tariff based competitive bidding.

As of 11:42 am, NLC India shares traded 18% higher at ₹385, outperforming the NIFTY Largemidcap 250 index which was up 0.9%.