Q1 2025 NLC India Ltd Earnings Call Transcript
Key Points
- NLC India Ltd (BOM:513683) achieved a 22.17% growth in lignite production during Q1 FY25 compared to the same period last year.
- The company's coal production increased by 35.27% during Q1 FY25 compared to the previous period.
- Power generation increased by 13.48% from 5,405.17 million units to 6,133.67 million units in Q1 FY25.
- Profit after tax for the quarter ended June 30, 2024, was INR495.98 crores, a growth of 49.83% compared to the previous year.
- NLC India Ltd (BOM:513683) received several awards, including the Best Exhibitor Award in Coal Category and Best ESG Report Award.
- Under-recovery for the quarter on a stand-alone basis was INR123.86 crores, indicating ongoing inefficiencies.
- Land acquisition issues at Neyveli affected plant availability, although the situation has improved.
- Technical liabilities at TPS-II expansion continue to cause under-recovery, though long-term modifications are planned.
- The average e-auction price for coal decreased from INR2,369 per metric tonne last year to INR1,354 per metric tonne this year.
- The company faces potential tax liabilities due to a recent Supreme Court ruling allowing states to levy taxes on mineral assets.
Ladies and gentlemen, good day, and welcome to NLC India Q1 FY25 earnings conference call, hosted by DAM Capital Advisors Limited. [Operator Instructions] Please note that this conference is being recorded.
I now hand the conference over to Mr. Prateek Singh from DAM Capital Advisors Limited. Thank you, and over to you, Mr. Singh.
Thanks, Manav. Good evening. On behalf of DAM Capital Advisors, I would like to welcome you all to the Q1 FY25 earnings call of NLC India. Today, we have with us Shri M. Prasanna Kumar, Chairman and Managing Director of NLC. The call will begin with brief remarks by CMD sir, after which we'll open the lines for the Q&A.
Before we begin, we must remind you that the discussion on today's call may include certain forward-looking statements and hence should be viewed in conjunction with the risks that the company may face. I would now like to hand over the line to CMD sir for his opening remarks. Thanks, and over to you, sir.
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