NLC India Ltd Q1FY25 results: Net profit rises 37% to Rs 566.69 cr

NLC India Ltd on Wednesday reported a 37 per cent rise in consolidated profit at Rs 566.69 crore for the quarter ended June 30, 2024.

The company had posted a net profit of Rs 413.57 crore in the year-ago period, NLC India Ltd said in a filing to BSE.

The income of the company in the April-June period rose to Rs 3,640.60 crore, over Rs 3,428.48 crore in the year-ago period, the filing said.

The company said that the board has approved raising the investment limit in the equity shares of Nevyeli Uttar Pradesh Power Ltd (NUPPL) from Rs 2,637.38 crore to Rs 3,676.00 crore in one or more tranches.

However, this is subject to approvals from the coal ministry and DIPAM among others.

NUPPL is a joint venture of NLC India Ltd (NLCIL) and Uttar Pradesh Rajya Vidyut Nigam Ltd (UPRVUNL).

The board has also approved to increase the investment limit in the equity shares of NLC India Green Energy Ltd (NIGEL) from Rs 50 crore to Rs 1,500 crore in one or more tranches subject to approvals from t