NLC India Ltd experiences a 39.3% plunge in first-quarter profit even as revenue increases by 23.3%, highlighting mounting cost pressures on the Navratna public sector miner and power producer.
NLC India Ltd reported a sharp decline in first-quarter profit even as revenue climbed, highlighting the pressure of higher costs on the state-backed miner and power producer. In a regulatory filing on Friday, the Navratna public sector undertaking said consolidated net profit fell 39.3% year on year to ₹484.27 crore in the quarter ended June 30, 2026, from ₹797.59 crore a year earlier. Revenue from operations rose 23.3% to ₹4,716.75 crore from ₹3,825.61 crore, according to the filing.
The company’s total income increased 18.3% to ₹4,867.85 crore, but total expenses also rose 15.1% to ₹4,293.39 crore, offsetting the benefit of stronger sales. Earnings per share, after adjustment for net regulatory deferral balances, also dropped 39.3% to ₹3.49 from ₹5.75 in the same quarter last year.
The latest numbers come after a strong run for the company in the previous financial year. Energy Line India said in May that NLC had posted its highest-ever group revenue from operations of ₹17,490 crore for FY26, along with a record profit after tax of ₹3,769 crore. The company also reported record coal output and dispatch from its Talabira II & III mines, added 963 MW of new capacity and crossed 1 GW of solar capacity for the first time, underlining how quickly the business has been expanding even as quarterly profitability can remain uneven.
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