NLC India quarterly results and financials

NLC India (NLCINDIA)₹243.13+0.65%(9 Nov 2026 close)Power Generation

Key facts

In the Jun 2026 quarter (consolidated), NLC India reported sales of ₹4,728 Cr, up 23.3% from Jun 2025, and net profit of ₹437 Cr, down 48.1% year on year. For the year to Mar 2026, sales were ₹17,530 Cr and net profit ₹3,781 Cr.

Sales (Jun 2026): ₹4,728 Cr
Net profit (Jun 2026): ₹437 Cr
Sales (FY Mar 2026): ₹17,530 Cr
Net profit (FY Mar 2026): ₹3,781 Cr
EPS (Jun 2026): ₹3.50
Borrowings (Mar 2026): ₹27,954 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

NLC India quarterly results

₹ crore unless stated; each column is a quarter.

NLC India Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	2,985	3,170	3,550	3,383	3,664	4,418	3,846	3,834	4,188	4,455	5,053	4,728
Expenses	2,152	2,267	3,221	2,303	2,654	3,388	2,988	2,904	2,791	3,110	3,281	3,255
Operating Profit	836	906	334	1,083	1,015	1,037	862	937	1,402	1,347	1,778	1,472
OPM %	28.1%	29.1%	9.1%	32.1%	28.1%	23.1%	22.0%	24.1%	34.1%	30.1%	35.1%	31.1%
Other Income	1,533	149	493	361	712	488	955	496	359	364	800	228
Interest	214	205	199	189	180	237	326	300	290	269	364	382
Depreciation	453	444	460	431	412	456	579	537	546	594	692	664
Profit before tax	1,705	403	165	823	1,136	832	914	595	924	844	1,522	654
Tax %	36.0%	37.0%	31.0%	31.0%	13.0%	16.0%	49.0%	−41.0%	21.0%	14.0%	2.0%	33.0%
Net Profit	1,089	255	114	568	985	698	470	842	728	726	1,486	437
EPS (Rs)	7.85	1.82	0.83	4.04	6.61	4.84	3.49	5.77	4.82	4.82	10.09	3.50

NLC India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

NLC India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	7,847	11,115	11,313	9,885	10,345	9,954	12,088	16,195	13,034	15,361	17,530	18,425
Expenses	5,356	6,017	7,426	7,645	7,061	7,346	8,152	10,468	9,603	10,621	11,949	12,437
Operating Profit	2,497	5,104	3,891	2,262	3,293	2,624	3,955	5,751	3,443	4,755	5,600	5,999
OPM %	32.1%	46.1%	34.1%	23.1%	32.0%	26.0%	33.1%	36.1%	26.1%	31.0%	32.1%	32.6%
Other Income	−411	−1,174	712	2,122	1,567	2,529	1,541	−870	2,115	1,762	1,883	1,751
Interest	468	589	548	701	1,176	1,314	985	1,013	850	934	1,222	1,305
Depreciation	907	1,040	1,227	1,117	1,329	1,577	1,900	1,795	1,819	1,876	2,369	2,496
Profit before tax	707	2,296	2,826	2,568	2,349	2,260	2,607	2,062	2,889	3,704	3,884	3,944
Tax %	90.0%	−7.0%	31.0%	40.0%	38.0%	40.0%	57.0%	31.0%	35.0%	27.0%	3.0%	—
Exceptional items	114	−1,753	40.87	−12.96	−4.99	121	338	−896	787	73.83	0.00	—
Net Profit	68.19	2,463	1,963	1,542	1,457	1,348	1,120	1,430	1,875	2,723	3,781	3,377
EPS (Rs)	0.52	16.07	12.76	10.92	10.43	9.50	7.90	10.11	13.42	18.96	25.49	23.23
Dividend payout %	588.0%	46.0%	35.1%	42.0%	68.0%	26.0%	19.0%	35.0%	22.0%	16.0%	15.0%	—

NLC India balance sheet

₹ crore, at each year end.

NLC India Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,671	1,673	1,524	1,523	1,382	1,382	1,382	1,383	1,382	1,382	1,382	1,381
Reserves	13,190	11,120	10,612	11,831	11,386	11,523	12,721	12,818	13,789	15,145	17,344	20,157
Borrowings	6,606	8,454	11,517	13,241	20,630	27,279	27,290	22,139	22,351	22,471	22,489	27,954
Other Liabilities	4,258	8,447	9,841	11,823	11,860	12,433	12,533	13,477	15,530	15,966	16,672	15,710
Total Liabilities	25,725	29,694	33,492	38,419	45,257	52,618	53,925	49,816	53,053	54,964	57,886	65,201
Fixed Assets	6,670	16,352	16,043	16,802	17,699	24,156	26,512	24,920	24,094	23,447	30,771	36,672
CWIP	10,954	2,536	5,202	8,366	13,805	12,630	11,567	12,989	14,579	17,674	15,239	14,235
Investments	103	12.96	12.96	12.96	12.96	13.96	13.95	6.97	7.97	7.97	7.97	7.97
Other Assets	7,999	10,794	12,236	13,238	13,741	15,819	15,833	11,901	14,372	13,836	11,868	14,286
Inventories	900	1,509	2,333	2,089	1,721	1,687	1,639	1,229	1,218	1,526	1,959	2,274
Trade receivables	2,278	3,735	4,786	4,555	6,178	8,497	7,520	3,704	4,261	3,764	3,137	3,337
Cash & equivalents	3,571	3,612	514	367	530	433	784	343	251	699	320	840
Total Assets	25,725	29,694	33,492	38,419	45,257	52,618	53,925	49,816	53,053	54,964	57,886	65,201

NLC India cash flow

₹ crore, for each year.

NLC India Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	1,032	1,297	1,221	4,519	1,616	1,641	4,376	7,719	4,161	5,492	8,942	5,149
Cash from investing activity	−500	−1,375	−4,317	−4,576	−6,098	−5,792	−2,206	−761	−2,489	−3,050	−7,139	−7,522
Cash from financing activity	−1,231	63.01	−67.95	98.02	4,411	4,159	−2,037	−6,994	−1,734	−1,986	−2,196	2,904
Net cash flow	−699	−16.06	−3,182	39.10	−83.32	−2.01	140	−18.04	−62.19	470	−380	527
Capex	1,232	1,689	4,220	4,634	6,250	5,876	2,317	915	2,598	3,157	7,322	7,929
Free cash flow	−196	−390	−3,001	−104	−4,633	−4,247	2,068	6,836	1,620	2,358	1,712	−2,474
CFO / OP %	117.0%	72.9%	34.0%	131.0%	94.0%	65.0%	180.0%	218.0%	75.0%	178.0%	202.0%	108.0%

NLC India ratios

Working-capital days and returns, by year.

NLC India Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	137	174	158	147	229	301	276	112	96	106	75	70
Cash conversion cycle	138	175	159	148	230	302	277	113	97	107	76	71
Working capital days	82	104	103	70	−36	−15	−10	31	56	19	−70	−62
ROCE %	10.0%	10.0%	21.0%	13.0%	11.0%	9.0%	8.0%	8.0%	13.0%	7.0%	11.0%	10.0%

NLC India: frequently asked questions

What are the latest quarterly results of NLC India?

For the Jun 2026 quarter, NLC India reported sales of ₹4,728 Cr, up 23.3% year on year and net profit of ₹437 Cr, down 48.1% year on year. The operating margin was 31.1%.

What is the annual revenue of NLC India?

NLC India's sales for the year to Mar 2026 were ₹17,530 Cr; over the last twelve months they were ₹18,425 Cr.

What is the net profit of NLC India?

Net profit for the year to Mar 2026 was ₹3,781 Cr, and ₹3,377 Cr over the last twelve months. Earnings per share over the same trailing period were ₹23.23.

How much debt does NLC India have?

NLC India reported borrowings of ₹27,954 Cr at Mar 2026, against cash and equivalents of ₹840 Cr.

What is the free cash flow of NLC India?

Cash from operations was ₹5,149 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹2,474 Cr.

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