NLC India reports a significant 48% decline in net profit for June quarter, contrasting strong revenue growth and increased renewable investments amid operational expansion and record revenues for FY26.
NLC India reported a net profit of ₹436 crore for the quarter ended June 2026, down 48% from ₹839 crore a year earlier, even as revenue from operations rose to ₹4,717 crore from ₹3,826 crore, according to The Hindu BusinessLine. The company said the comparison was distorted by a deferred tax adjustment of ₹425 crore booked in the year-earlier quarter.
Operationally, the state-run lignite and power producer posted firmer output. Coal production increased to 40.85 lakh tonnes from 37.88 lakh tonnes in the corresponding quarter of the previous year, while gross power generation climbed 25% to 8,262.06 million units from 6,609.40 million units. NLC India’s shares closed 0.33% lower at ₹303 on the NSE on Friday.
The latest quarterly figures come after a separate set of results reported by Business Standard, which said NLC India’s profit after tax in the June quarter had risen to ₹798 crore and that the board had approved a ₹5,228 crore transfer of assets to its renewable energy arm, underlining the company’s push into cleaner power. Other reports on the company’s financial year ending March 2026 pointed to record revenue of ₹17,490 crore and profit after tax of ₹3,769 crore, helped by higher coal production, stronger generation and expansion in renewables. NLC India also recommended a final dividend of ₹0.25 a share for 2025-26, according to an audited-results filing cited by industry trackers.
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