Navratna Power Sector PSU Declares Rs 1.50/Share Dividend, Shares Gain 280% In 1-Yr

Multibagger public sector undertaking NLC India Ltd shares jumped 2.92% intraday to settle at Rs 283.60 apiece. The Board of Directors of NLC India declared the financial results for the quarter and nine months ended December 31, 2023. Board of the state-owned company also declared an interim dividend of Rs 1.50 per equity share for financial year 2023-24. NLC India shares witnessed a rally of 100% in last 3-months only and jumped 280% in last 1-year. Check details below:

NLC India Declares Interim Dividend: As per the BSE filing of the company dated February 6, 2024, "Declaration of an Interim Dividend of 15% (i.e. Rs. 1.50 per equity share) for the Financial Year 2023-24."

NLC India Sets Record Date For Interim Dividend: The Record Date for the purpose of ascertaining the members entitled for Interim Dividend for the FY 2023-24 has been fixed as 16th February, 2024. It is further informed that the said interim dividend will be paid to eligible shareholders on or before 06th March, 2024.

NLC India Stock Outlook & Return: The 52-week high price of NLC India shares on BSE is Rs 293.60 apiece and 52-week low price is Rs 69.79 apiece, respectively. The company has a market capitalisation of Rs 39,325.01 crore. NLC India shares rallied 145% in last 6-months, jumped 280% in last 1-year, rose 316% in last 2-years, and offered return of 410% in last 3-years. In last 5-years, NLC India stock gained 356%.

NLC India Financials: The company declared its consolidated profit after tax at Rs 254.07 crore for the quarter ended December 31, 2023 as against Rs 396.49 crore declared in the corresponding quarter of last year. Revenue from operations declared at Rs 3164.40 crore for the quarter under review as compared to Rs 3679.01 crore in the similar quarter of last year. The total income of NLC India arrived at Rs 3249.39 crore for the quarter ended December 31, 2023 from Rs 3982.49 crore in the year ago period. Total expenses declared at Rs 2911.23 crore for December quarter from Rs 3011.38 crore in the similar period of last year.

NLC India About: For more than six glorious decades, NLC India Limited has been a forerunner amongst the Public Sector Enterprises in the country in the energy sector, contributing to a lion's share in lignite production and significant share in thermal and renewable energy generation. The Company was incorporated on 14.11. 1956. NLCIL is a Navratna Government of India Enterprise, under the administrative control of Ministry of Coal. Today, the company has set its footprints in PAN India mode in the states of TamilNadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman & Nicobar Islands, according to its official website.

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