NLC India Ltd
NLC India Q4 FY26: Capex ₹19,722 Cr
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
3 of 4 strong
The short version
FY '27 revenue projected at ₹25,300 Cr, up from ₹17,500 Cr in FY '26, driven by increased production/generation across mining, thermal, and renewables. Revenue expected to grow from ₹17,490 Cr in FY '26 to approximately ₹25,300 Cr in FY '27, driven by increased mining, thermal, and 1 GW solar additions.
From NLC India Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- FY '27 revenue projected at ₹25,300 Cr, up from ₹17,500 Cr in FY '26, driven by increased production/generation across mining, thermal, and renewables.
- Mining: Pachwara South Coal Block to produce over 2 million metric tons coal in FY '27; Talabira mine targeting 20 million metric tons production.
- Thermal: Ghatampur Thermal Power Station Unit III nearing commercial operation, making entire 1980 MW operational, boosting generation.
- Renewables: Around 1 GW solar capacity addition expected in FY '27, with existing projects like Khavda solar park adding more capacity.
- Overall capacity target: 10 GW each of thermal and renewable power by 2030, aiming for 50:50 thermal to renewable mix.
2 more points management made on revenue & sales performance
Profitability & Margins
See what NLC India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY 2025-26 CapEx Plan: ₹19,722 crores for power, ₹1,490 crores for mining, ₹2,388 crores for renewables; total ₹23,600 crores including JVs (Page 24).
- Projects under construction and planning include 5,800 MW renewables with assured land and transmission (Page 24).
- Battery Energy Storage Systems orders: 500 MWh (Tamil Nadu), 1,800 MWh (SECI), 500 MWh (Punjab); target completion within 18 months (Page 21).
- Thermal projects: Ghatampur Unit III commissioning soon; activities ongoing at Talabira, NTPL, NNTPS; Odisha TPS Phase I (2,400 MW) under construction; Phase II (800 MW) and TPS-II expansion tendering ongoing (Page 9, 18, 23).
- Critical Minerals: Two blocks in Chhattisgarh acquired; exploration and processing with ISM Dhanbad collaboration (Page 12, 23).
2 more points management made on capital expenditure plans
Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what NLC India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Battery energy storage system orders:
- Tamil Nadu government: 500 MW hour (contract awarded)
- SECI: 1,800 MW hour (PPA yet to be signed)
- Punjab government: 500 MW hour (in progress)
- Other project tenders under process:
- TPS-II second expansion (800 MW)
- Rajasthan Thermal (375 MW)
- Odisha Pumped Storage (750 MW; DPR under preparation)
- Renewables competitive bidding: Approximately 2,000 MW
- Critical minerals blocks secured through auctions:
- Two blocks in Chhattisgarh (phosphorite and limestone)
2 more points management made on order book & pipeline
NLC India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹5.0K Cr, net profit ₹1.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What NLC India Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY24 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q3 FY24 earnings call →
- Q1 FY24 earnings call →
- Q2 FY23 earnings call →
- Q1 FY21 earnings call →
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Frequently Asked Questions
What were NLC India Ltd Q4 FY26 results?
FY '27 revenue projected at ₹25,300 Cr, up from ₹17,500 Cr in FY '26, driven by increased production/generation across mining, thermal, and renewables. Revenue expected to grow from ₹17,490 Cr in FY '26 to approximately ₹25,300 Cr in FY '27, driven by increased mining, thermal, and 1 GW solar additions.
What is NLC India Ltd share price analysis?
NLC India Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 11.6 with a market cap of ₹37,273 Cr. Investors should review the full earnings analysis for detailed insights.
Is NLC India Ltd planning capital expenditure?
FY 2025-26 CapEx Plan: ₹19,722 crores for power, ₹1,490 crores for mining, ₹2,388 crores for renewables; total ₹23,600 crores including JVs (Page 24).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.