“…we write to inform that the Board of Directors of the Company at their meeting held on Monday, 10th March, 2025, have inter-alia considered and in-principally approved the borrowing of External Commercial Borrowing within overall ceiling of Japanese Yen equivalent to USD200 Million with equivalent green shoe option,” NLC India said in a regulatory filing.
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NLC India reported a net profit of ₹250.4 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, NLC India posted a net loss of ₹406.7 crore, the company said in a regulatory filing. The company’s revenue from operations dipped 14% to ₹3,164.4 crore against ₹3,679 crore in the corresponding period of the preceding fiscal year.
At the operating level, EBITDA tanked 33.5% to ₹904.7 crore in the third quarter of this fiscal year from ₹1,359.7 crore in the corresponding period in the previous fiscal year. The EBITDA margin stood at 28.6% in the reporting quarter versus 37% in the corresponding period in the previous fiscal year. EBITDA is earnings before interest, tax, depreciation, and amortisation.
Also Read: NLC India targets seven-fold increase in renewable capacity by 2030, outlines plans IPO
Shares of NLC India Ltd ended at ₹217.80, down by ₹7.15, or 3.18%, on the BSE.
