State-owned firm NLC India Ltd (NLCIL) on Thursday (October 26) reported a 163.83% year-on-year (YoY) jump in net profit at ₹1,084.7 crore for the second quarter that ended September 30, 2023.

In the corresponding quarter last year, NLC India posted a net profit of ₹410.9 crore, the company said in a regulatory filing.

In the quarter, total revenue stood at ₹2,988.5 crore during the period under review, declining 14.7% against ₹3,489.3 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA declined 29.2 percent to ₹834.6 crore in the second quarter of this fiscal over ₹1,179.3 crore in the corresponding period in the previous fiscal.

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EBITDA margin stood at 28% in the reporting quarter as compared to 33.8% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Half Year

The profit for the period (PAT) for the half year ended is ₹1,452 crore as against ₹73 crore in the corresponding period of the previous year, registering a growth of 66.32%.

Profit Before Tax for the half year ending September 30, 2023, is ₹2,215 crore as against ₹1,292 crore in the corresponding period last year registering a growth of 71.42%.

The EBITDA of the company for the half year is ₹3,278 crore as against ₹2,397 crore in the corresponding period of the previous year, registering a growth of 36.75%.

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Revenue from operation for the half year is ₹5,072 crore as against ₹5,847 crore respectively in the corresponding period of the previous year. The total income of the company for the half year is ₹5,434 crore as against ₹5,998 crore in the corresponding period of the previous year.

The results came after the close of the market hours. Shares of NLC India Ltd ended at ₹121.70, up by ₹0.50, or 0.41 percent on the BSE.