NLC India, the prominent mining and power generation company, witnessed a significant surge in its stock price today, rising 9% to reach Rs 250.85. This upward movement comes on the heels of the company announcing strong second-quarter financial results and an interim dividend for the financial year 2026-27.
Strong Financial Performance Drives Growth
The state-owned 'Navratna' firm reported an impressive 83% year-on-year increase in net profit for the second quarter, reaching Rs 1328 crore, up from Rs 724.80 crore in the same period last year. Revenue also saw a healthy climb of 13.25%, totaling Rs 4732.35 crore compared to Rs 4178 crore a year earlier.
The robust NLC India Q2 earnings underscore the company's strong operational efficiency and market position in the energy sector. The market capitalization of the firm surged to Rs 34,783 crore following the positive financial disclosures.
Interim Dividend and Strategic Expansion Plans
Further boosting investor confidence, NLC India's board recommended an interim dividend of 15%, equivalent to Rs 1.5 per equity share, for FY27. The record date for ascertaining eligible members for this interim dividend has been set for November 12, 2026.
Beyond the dividend, the company also unveiled strategic plans for future growth and funding. NLC India announced its intention to raise up to Rs 2,500 crore through bonds in the nature of debentures. Additionally, the board approved the establishment of an additional 660 MW unit as an expansion project for NUPPL within the existing 1,886-acre premises of the Ghatampur Thermal Power Station.
In a separate development, NLC India informed about an Offer for Sale (OFS) of up to ten crore equity shares in its wholly-owned subsidiary, NLC India Renewables Limited (NIRL).