External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>Thermal &amp; Lignite Power Plants Status: The company commissioned its 1st unit of the Coalbased Ghatampur power plant (3*660 MW) in Dec’24 and generated 215 MU in Q3FY25 with more than 98% availability.</li><li>The targeted CODs for Units II and III are May’25 and Oct’25. The company expects to float tenders for the 2*500 MW TPS-II Lignite-based expansion plant by Mar’25 and the Talabira Phase II thermal plant by Jun’25.</li><li>The 3*125 MW Lignite-based thermal power plant, along with a captive Lignite mine in Rajasthan as per the agreement with RVUNL, is expected to be completed in the next 36 to 40 months.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Thermal &amp; Lignite Power Plants Status: The company commissioned its 1st unit of the Coalbased Ghatampur power plant (3*660 MW) in Dec’24 and generated 215 MU in Q3FY25 with more than 98% availability.The targeted CODs for Units II and III are May’25 and Oct’25. The company expects to float tenders for the 2*500 MW TPS-II Lignite-based expansion plant by Mar’25 and the Talabira Phase II thermal plant by Jun’25.The 3*125 MW Lignite-based thermal power plant, along with a captive Lignite mine in Rajasthan as per the agreement with RVUNL, is expected to be completed in the next 36 to 40 months.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NLC India Limited  - Q3FY25 Conference Call Highlights: Capacity Expansion in Focus

<ul><li>PAT ahead of estimates: NLCIL’s PAT, after considering the regulatory deferral movement, stood at Rs 696 Cr, up 174% YoY but down 29% QoQ, surpassing consensus estimates by 185%.</li><li>Consolidated net sales stood at Rs 4,411 Cr, up 39% YoY and 21% QoQ, beating consensus estimates by 45%.</li><li>EBITDA came in at Rs 1,827 Cr, up 102% YoY and 70% QoQ, exceeding consensus estimates by 150%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PAT ahead of estimates: NLCIL’s PAT, after considering the regulatory deferral movement, stood at Rs 696 Cr, up 174% YoY but down 29% QoQ, surpassing consensus estimates by 185%.Consolidated net sales stood at Rs 4,411 Cr, up 39% YoY and 21% QoQ, beating consensus estimates by 45%.EBITDA came in at Rs 1,827 Cr, up 102% YoY and 70% QoQ, exceeding consensus estimates by 150%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NLC India Limited  - Decent Q3; Despite Seasonally Weak Quarter

<ul><li>Expected reduction in under-recovery: In H1FY25, the group’s under-recovery stood at Rs 292 Cr (Rs 152 Cr in Q2FY25) due to the boiler issues at the TPS-II expansion Plant.</li><li>The modification of the plant’s boiler at unit 1 is in progress and is expected to be completed by Dec’24.</li><li>The Management will observe the performance improvement of the unit and follow it with performance improvement for Unit 2. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Expected reduction in under-recovery: In H1FY25, the group’s under-recovery stood at Rs 292 Cr (Rs 152 Cr in Q2FY25) due to the boiler issues at the TPS-II expansion Plant.The modification of the plant’s boiler at unit 1 is in progress and is expected to be completed by Dec’24.The Management will observe the performance improvement of the unit and follow it with performance improvement for Unit 2. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NLC India Limited  - Q2FY25 Investors’ Meet: Growth Outlook Intact

<ul><li>Robust Q2 with allround beat: NLCIL reported robust numbers despite Q2 being a seasonally weak quarter.</li><li>Revenue at Rs 3,657 Cr (up 23%/8% YoY/QoQ) beat our estimates by 15%.</li><li>EBITDA stood robust at Rs 1,076 Cr (up 29%, flat QoQ), a 26% beat vs. our estimates. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Robust Q2 with allround beat: NLCIL reported robust numbers despite Q2 being a seasonally weak quarter.Revenue at Rs 3,657 Cr (up 23%/8% YoY/QoQ) beat our estimates by 15%.EBITDA stood robust at Rs 1,076 Cr (up 29%, flat QoQ), a 26% beat vs. our estimates. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NLC India Limited - Robust Q2, Despite Seasonally Weak Quarter

<ul><li>NLC India Limited (NLCIL) is a Navratna CPSE and operates across lignite &amp; Coal mining, Power generation, Power Trading, and Consultancy for Mining &amp; Power.</li><li>NLCIL is the designated nodal agency for lignite mining in India and owns more than 50% of the Lignite Reserves.</li><li>The company has a mining capacity of 50 MTPA, thermal generation capacity of 4,640 MW and Renewable Energy (RE) capacity of 1,431 MW.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NLC India Limited (NLCIL) is a Navratna CPSE and operates across lignite &amp; Coal mining, Power generation, Power Trading, and Consultancy for Mining &amp; Power.NLCIL is the designated nodal agency for lignite mining in India and owns more than 50% of the Lignite Reserves.The company has a mining capacity of 50 MTPA, thermal generation capacity of 4,640 MW and Renewable Energy (RE) capacity of 1,431 MW.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: NLC India Ltd. - 7 October 2024

India

Neyveli Lignite Corporation Limited generates and distributes power, mines and processes lignite, manufactures fertilizers & chemicals and processes and sells clay of all kinds. The Company's other activities include the briquetting and carbonization of lignite and its main products include electric power, lignite, nekolin, pulverized nekolin, urea, coke fines and leco.

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Neyveli Lignite (NLC IN)

NLC India Limited - Q3FY25 Conference Call Highlights: Capacity Expansion in Focus

The company commissioned its 1st unit of the Coalbased Ghatampur power plant (3*660 MW) in Dec’24 and generated 215 MU in Q3FY25 with more than 98%...

Axis Direct

NLC India Limited - Decent Q3; Despite Seasonally Weak Quarter

PAT ahead of estimates: NLCIL’s PAT, after considering the regulatory deferral movement, stood at Rs 696 Cr, up 174% YoY but down 29% QoQ,...

Axis Direct

NLC India Limited - Q2FY25 Investors’ Meet: Growth Outlook Intact

Expected reduction in under-recovery: In H1FY25, the group’s under-recovery stood at Rs 292 Cr (Rs 152 Cr in Q2FY25) due to the boiler issues at...

Axis Direct

NLC India Limited - Robust Q2, Despite Seasonally Weak Quarter

Robust Q2 with allround beat: NLCIL reported robust numbers despite Q2 being a seasonally weak quarter. Revenue at Rs 3,657 Cr (up 23%/8% YoY/QoQ)...

Axis Direct

Pick of the Week: NLC India Ltd. - 7 October 2024

NLC India Limited (NLCIL) is a Navratna CPSE and operates across lignite & Coal mining, Power generation, Power Trading, and Consultancy for Mining...

Axis Direct

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