NLC India Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	189,346	174,895	152,830	130,013	161,652	119,479
Other Revenue	-1,970	161.8	-	-	1,373	-
Revenue	187,376	175,057	152,830	130,013	163,025	119,479
Revenue Growth	15.30%	14.54%	17.55%	-20.25%	36.45%	21.35%
Fuel & Purchased Power	40,218	34,172	22,619	17,440	22,001	11,766
Depreciation & Amortization	26,858	23,786	18,843	18,249	18,008	19,087
Other Operating Expenses	84,425	81,067	77,718	75,565	76,164	59,891
Total Operating Expenses	151,500	139,024	119,180	111,254	116,172	90,744
Operating Income	35,876	36,033	33,650	18,760	46,853	28,736
Interest Expense	-14,489	-12,172	-9,271	-8,443	-8,973	-9,783
Interest Income	4,505	4,505	8,548	5,829	4,863	1,169
Net Interest Expense	-9,984	-7,667	-723.2	-2,614	-4,110	-8,614
Income (Loss) on Equity Investments	2.6	2.8	2.4	2.5	9.7	5.2
Currency Exchange Gain (Loss)	-198.9	-198.9	7.5	-12.6	2	9.7
Other Non-Operating Income (Expenses)	8,183	9,696	3,787	12,839	-21,985	2,420
EBT Excluding Unusual Items	33,878	37,866	36,723	28,975	20,770	22,557
Restructuring Charges	-	-	-	-	-1.1	-1.4
Gain (Loss) on Sale of Investments	21.7	21.7	7	-	-	-
Gain (Loss) on Sale of Assets	806.4	806.4	330.9	-92.6	71.8	22.8
Asset Writedown	-210.3	-210.3	-89.5	-63.6	-151.1	-441.8
Insurance Settlements	270.2	270.2	-	-	-	-
Other Unusual Items	-	-	-	-	-122.1	3,900
Pretax Income	34,766	38,754	36,972	28,819	20,568	26,037
Income Tax Expense	-4,932	1,059	9,836	10,143	6,307	14,880
Earnings From Continuing Ops.	39,698	37,695	27,136	18,676	14,261	11,157
Minority Interest in Earnings	-453.6	-2,473	-922.5	-134.9	-304.2	-230.8
Net Income	39,244	35,222	26,214	18,541	13,957	10,926
Net Income to Common	39,244	35,222	26,214	18,541	13,957	10,926
Net Income Growth	50.20%	34.37%	41.38%	32.84%	27.74%	-14.77%
Shares Outstanding (Basic)	1,387	1,387	1,387	1,387	1,387	1,387
Shares Outstanding (Diluted)	1,387	1,387	1,387	1,387	1,387	1,387
Shares Change	0.66%	-	-	-	-	-
EPS (Basic)	28.30	25.40	18.90	13.37	10.07	7.88
EPS (Diluted)	28.30	25.40	18.90	13.37	10.07	7.88
EPS Growth	49.21%	34.39%	41.35%	32.84%	27.74%	-14.77%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Free Cash Flow	-31,695	-27,789	16,369	23,443	15,680	68,291
Free Cash Flow Per Share	-22.86	-20.04	11.80	16.91	11.31	49.25
Dividend Per Share	0.250	3.850	3.000	3.000	3.500	3.000
Dividend Growth	-95.10%	28.33%	0%	-14.29%	16.67%	20.00%
Profit Margin	20.94%	20.12%	17.15%	14.26%	8.56%	9.14%
Free Cash Flow Margin	-16.91%	-15.87%	10.71%	18.03%	9.62%	57.16%
EBITDA	62,630	59,716	52,446	36,961	64,822	47,776
EBITDA Margin	33.42%	34.11%	34.32%	28.43%	39.76%	39.99%
D&A For EBITDA	26,755	23,683	18,796	18,201	17,969	19,040
EBIT	35,876	36,033	33,650	18,760	46,853	28,736
EBIT Margin	19.15%	20.58%	22.02%	14.43%	28.74%	24.05%
Effective Tax Rate	-	2.73%	26.60%	35.20%	30.66%	57.15%
Revenue as Reported	196,988	184,669	168,895	139,485	173,832	125,460