EBITDA of NLC India increases by 23.3% in FY 2017-18

The Earnings Before Interest,Tax and Depreciation & Amortisation (EBITDA) of the company for the year 17-18 stood at Rs.3706.79 crores compared to Rs.3006.13 crores in the previous year registering a growth of 23.3%.

For the financial year 2017-18, NLC India Ltd., achieved a turnover of Rs.8496.20 crores as compared to Rs.8652.59 crores in the year 2016-17 with a decline of  1.81% mainly due to unprecedented surrender of power to the tune of 2566 MU impacting the revenue of the company adversely by around Rs.783 crores. Besides the benefit of around  Rs.750 crores was passed by the company to the beneficiary DISCOMS (on account of non applicability  of Clean Environment Cess and Excise Duty with roll out of GST) which if included would have resulted in a total turnover of Rs.9246.20 crores  showing a growth of 6.86%.

The company’s Profit after Tax (PAT) in 2017-18 stood at Rs. 1848.78 crores as compared to previous year’s PAT of Rs.2368.81 crores included tax and other regulatory gains of around Rs. 679.33 crores on transition from IGAAP to INDAS  which when excluded results in a comparative growth of PAT by 9.43% in the year 2017-18.

The above achievements are  due to operational efficiency and prudent Cost Management initiatives of the Company which helped to score a PAT of Rs.1848.78 crores inspite of huge set back due to power surrender and passing of around Rs.750 crores benefit to the consumers taking a hit on its turnover