Suresh Chandra Suman
Director Finance (Additional Charge) & Director Mines, NLC India Ltd.
In Q1FY24, the company’s net sales fell by 14.15 per cent from the same quarter last year to ? 3,316.49 crore, while its net profit fell by more than 27 per cent to ₹413.55 crore. What factors contributed to the company’s poor performance?
Lignite and Coal based Thermal power generation is the core business and a significant contributor to the revenue mix of NLCIL Group, accounting for approximately 76 per cent of its total revenue. Owing to hurdles in land acquisition in Neyveli mines, the pit head power plants were unable to generate electricity at the desired level, leading to decrease in revenue generation. There was a generation loss by 25 per cent mainly on account of shutdown of thermal units in neyveli due to lignite shortage to the tune of 4510 MU in QI FY 24 from 6051 MU of corresponding period last year. Plant Availability Factor of Lignite based stations in QI of FY 24 declined from 83.10 per cent to 62.58 per cent of the corresponding period last year.
Plant availability factor in Q1FY24 declined from 83.10 per cent to 62.58 per cent of the corresponding period last year. Despite the challenges faced in Q1FY24, the company maintains a positive outlook and is optimistic about a rebound in the second quarter. This confidence is driven by the positive outcomes of land acquisition negotiations with villagers through district and state authorities. The company believes that land acquisition issues will be resolved very soon and it will unlock significant growth opportunities, leading to an improved financial performance in the upcoming quarters.
この記事は Dalal Street Investment Journal の August 14, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Dalal Street Investment Journal の August 14, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
