Using coal in addition to renewable power sources, NLC India mines and uses it to produce electricity.
Financial Results:
The firm reported operating revenue of ₹ 2,812 Cr. in the Q3FY23 compared to ₹ 2,424 Cr. in the Q3FY22, an increase of 16% YoY basis. In comparison to a profitability of ₹ 230 Cr. in the same quarter last year, the firm reported a net loss of ₹ 398.84 Cr in Q3FY23. In comparison to a rise of 1.66 in the same quarter last year, NLC India’s EPS decreased by 2.88 in the third quarter of FY23.
In contrast to the quarter ended December 2021, NLC India reported net expenses of $2,134.94 Cr in the Q3FY23.