NLC gains after Q4 results

The Q4 result was announced after market hours on Tuesday, 28 May 2013.

Meanwhile, the S&P BSE Sensex was down 39.97 points or 0.2% at 20,120.85.

On BSE, 26,000 shares were traded in the counter as against average daily volume of 22,332 shares in the past one quarter.

The stock hit a high of Rs 69.45 and a low of Rs 67.75 so far during the day. The stock had hit a 52-week high of Rs 90.65 on 8 August 2012. The stock had hit a 52-week low of Rs 64.25 on 22 March 2013.

The stock had underperformed the market over the past one month till 28 May 2013, declining 2.03% compared with the Sensex's 4.53% rise. The scrip had also underperformed the market in past one quarter, sliding 6.38% as against Sensex's 6.89% gain.

The large-cap company has equity capital of Rs 1677.71 crore. Face value per share is Rs 10.

Neyveli Lignite Corporation's (NLC) net profit rose 3.4% to Rs 1459.75 crore on 14.9% growth in net sales to Rs 5590.07 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

On consolidated basis, NLC's net profit rose 3.3% to Rs 1457.75 crore on 14.9% growth in net sales to Rs 5590.07 crore in FY 2013 over FY 2012.

NLC said that all products registered growth in production in FY 2013. Production of lignite and power generation reached record high in FY 2013.

With regard to the company's future plans, NLC said it is spreading its wings in new projects with fuels other than lignite. On the back of expansion projects, the company is poised for substantial growth in the years to come, NLC said. On implementation of expansion projects, NLC will have a total lignite mining capacity of 38.85 MTPA compared to present capacity of 30.60 MTPA and power generating capacity of about 11,195 megawatts (MW) against the present capacity of 2,740 MW at the end of Thirteenth plan, NLC said. Fund requirement of these ongoing projects will be met from internal accruals and borrowings.

Neyveli Lignite Corporation's principal activities are exploration of lignite mines and power generation. The Government of India (GoI) holds 93.56% stake in NLC (as per the shareholding pattern as on 31 March 2013).

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