NLC India vastly energises its production performance in Q2
Lignite production in the current Quarter ending 30th September 2016 was 69.27LT as against 60.21LT, registering physical growth of 15.0% when compared to the corresponding quarter of previous year.
Similarly the Power Generation in the current quarter was 5254.83 MU as against 4963.47 MU in the correspond ding quarter of the last year with a growth of 5.9%.
The total Sales Revenue of the company for the 2nd Quarter of 2016-17 stood at Rs. 2056.67 Crore as compared to Rs.1718.19 Crore in the same Quarter last year registering a positive growth of 19.7%.
The total Sales Revenue of the company for the 1st half year of 2016-17 stood at Rs. 3938.51 Crore as compared to Rs.3564.09 Crore in the same period last year registering a positive growth of 10.5%.
However, the company’s Net Profit during the current Quarter stood at Rs.440.12 Crore as compared to Rs. 525.82 Crore in the same Quarter last year.
Similarly the company’s Net Profit during the six month stood at Rs.793.00 Crore as compared to Rs. 1083.68 Crore in the corresponding six months last year.
The Net Profit for the current 1st half year was impacted mainly due to surrender of power of 722.27 MU by Discoms (with an estimated financial impact of Rs.219.30 crore) as compared to 115.58 MU (Deemed Generation) from the corresponding six month of the previous year.
In addition, during the quarter under review, the Company’s profit was further impacted due to discharge of Rs. 52.66 Crore towards one time Voluntarily Retirement compensation.