NLC India Q2 results: net profit more than doubles to Rs 1,380.67 crore
NLC India reported consolidated Q2 FY27 profit attributable to owners of Rs 1,380.67 crore, up 107.6%, on revenue of Rs 4,732.35 crore, up 13.3%, helped by a deferred tax credit, per its NSE filing.
Key points
- NLC India said in a National Stock Exchange filing that its consolidated Q2 FY27 profit attributable to owners was Rs 1,380.67 crore.
- Revenue from operations was Rs 4,732.35 crore, up 13.3% from a year earlier, while profit before tax fell to Rs 464.65 crore from Rs 921.34 crore.
- The filing shows a deferred tax credit of Rs 987.74 crore and notes a remeasurement of deferred tax under the new tax regime.
NLC India Limited reported consolidated net profit attributable to its owners of Rs 1,380.67 crore for the quarter ended 30 September 2026 (Q2 FY27), more than double the Rs 665.12 crore of a year earlier. Revenue from operations rose 13.3% to Rs 4,732.35 crore, the company said in its filing with the National Stock Exchange.
What Happened
The company's filing with the National Stock Exchange carries unaudited consolidated results for the quarter and half-year ended 30 September 2026, approved by its board on 4 November 2026.
Revenue from operations was Rs 4,732.35 crore. That compares with Rs 4,178.41 crore in the same quarter a year earlier, a rise of 13.3%, and Rs 4,716.75 crore in the quarter ended 30 June 2026, a rise of 0.3%.
Profit attributable to the owners of the company was Rs 1,380.67 crore, up 107.6% from Rs 665.12 crore a year earlier and up 185.1% from Rs 484.27 crore in the June 2026 quarter. Profit for the period, before the split between owners and non-controlling interests, was Rs 1,328.01 crore; non-controlling interests accounted for a loss of Rs 52.66 crore.
The filing shows profit before tax of Rs 464.65 crore, against Rs 921.34 crore a year earlier. The quarter's total tax line was a credit of Rs 863.31 crore, because deferred tax was a credit of Rs 987.74 crore. In its notes, the company says it remeasured its deferred tax assets and liabilities during the half-year by applying the new tax regime in place of the old one, and puts the impact at Rs 714.17 crore.
For the half-year ended 30 September 2026, revenue from operations was Rs 9,449.10 crore, against Rs 8,004.02 crore a year earlier. Profit attributable to owners for the half-year was Rs 1,864.94 crore, against Rs 1,462.71 crore.
Earnings per share after adjusting for net regulatory deferral balances were Rs 9.96 for the quarter, against Rs 4.80 a year earlier. The notes also say the company signed a second addendum on 3 September 2026 to its agreement to transfer renewable energy assets to NLC India Renewables Limited, covering 708.96 MW of assets for Rs 853.97 crore.
What It Means
These are the company's own unaudited figures. The sharp rise in attributable profit comes with a much lower profit before tax than a year earlier, and the filing's own tax line and note show that the tax credit is a large part of the difference. Readers comparing the two quarters should look at both profit before tax and profit after tax.
The filing does not say whether the tax credit will recur. Shareholders and those following the company can read the full statement, including the notes on the asset transfer, in the company's filing on the National Stock Exchange website. Complaints against listed companies can be lodged at https://scores.sebi.gov.in.
Oquilia Data: NLC India Ltd. (NSE: NLCINDIA)
| Close, 3 Nov 2026 | Rs 230.31 (−3.43% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −9.04% / −22.73% / −27.26% / −7.96% / −11.27% |
| Against Nifty 50, 1M / 3M / YTD | −15.23 / −18.84 / +0.92 points |
| 52-week closing high / low | Rs 370.90 (14 May 2026) / Rs 227.95 (28 Oct 2026) |
| Turnover, 20-session average | Rs 29.62 cr; 44.9% delivered; latest volume 2.4x |
| Insider trades, 90 days | none by promoters, directors or KMP |
Closes adjusted for splits and bonuses; returns exclude dividends; insider figures from BSE filings. Facts from NSE's files, not investment advice.
Full record: NLC India share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India