NLC India Ltd. made a stunning comeback this financial year with a whopping 37% increase in net profit, surpassing experts’ expectations. The company reported a net profit of Rs 566.69 crore for the first quarter ended June, a significant jump from Rs 413.57 crore from the same period last year. This amazing result has left analysts in awe, as they were expecting a profit of only Rs 476 crore.
In addition to the impressive profit, NLC India Ltd. also saw a 1.8% increase in revenue, reaching Rs 3,376.05 crore for the quarter. Although operating income fell by 9% to Rs 1,082.05 crore, the company’s performance still surpassed expectations. The Ebitda margin also contracted to 32.1% from 36% compared to the previous year.
Investors were thrilled with the news, as the company’s shares closed 6.21% higher at Rs 270.15 apiece. This is significantly higher than the 1.27% advance in the NSE Nifty 50. With a year-to-date increase of 7.97% and a staggering 125.41% rise in the last 12 months, NLC India Ltd. is certainly on the path to success.
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