NLC's EBITDA rises 23.3%

Chennai: NLD India Ltd has reported that the Earnings Before Interest, Tax and Depreciation and Amortisation (EBITDA) of the company for the year 2017-18 stood at Rs 3706.79 crore compared to Rs 3006.13 crore in the previous year, registering a growth of 23.3 per cent.

For the FY 2017-18, NLC India Ltd has achieved a turnover of Rs 8496.20 crore as compared to Rs 8652.59 crore in the year 2016-17 with a decline of 1.81 per cent  mainly due to unprecedented surrender of power to the tune of 2,566 MU, impacting the revenue of the company by around Rs 783 crore.

Besides the benefit of around Rs 750 crore 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 crore, showing a growth of 6.86 per cent.

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

NLC India states that the above achievements are due to operational efficiency and cost management initiatives of the company.