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>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

<ul><li>Expected Reduction in Under-Recovery: In Q1FY25, the group’s under-recovery was down 33% QoQ to Rs 140 Cr led by the resolution of land acquisition issues at the TPS-II plant.</li><li>The majority of the under-recovery was due to the boiler issues at the TPS-II expansion Plant.</li><li>The company has completed short-term modifications and the long-term modifications are on track with materials already procured. </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 Q1FY25, the group’s under-recovery was down 33% QoQ to Rs 140 Cr led by the resolution of land acquisition issues at the TPS-II plant.The majority of the under-recovery was due to the boiler issues at the TPS-II expansion Plant.The company has completed short-term modifications and the long-term modifications are on track with materials already procured. 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  - Key Highlights of Q1FY25 Conference Call

<ul><li>Q1FY25 PAT largely inline: NLCIL’s PAT increased to Rs 567 Cr (up 37%/397% YoY/QoQ), largely in line with our estimate.</li><li>PAT, excluding regulatory deferral income of Rs 98 Cr, stood at Rs 469 Cr, up 13%/22% YoY/QoQ.</li><li>Revenue at Rs 3,376 Cr (up 2% YoY, down 5% QoQ) missed our estimates due to lower revenue from both the power segment (due to a lower blended tariff) and the mining segment (potentially due to lower eauction prices). </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.

Q1FY25 PAT largely inline: NLCIL’s PAT increased to Rs 567 Cr (up 37%/397% YoY/QoQ), largely in line with our estimate.PAT, excluding regulatory deferral income of Rs 98 Cr, stood at Rs 469 Cr, up 13%/22% YoY/QoQ.Revenue at Rs 3,376 Cr (up 2% YoY, down 5% QoQ) missed our estimates due to lower revenue from both the power segment (due to a lower blended tariff) and the mining segment (potentially due to lower eauction prices). 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 - PAT Largely Inline; Revenue/EBITDA Miss

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 - 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

NLC India Limited - Key Highlights of Q1FY25 Conference Call

The modifications are expected to be completed by Sep’24 post which substantial reduction is expected in the under recovery of TPS-II Expansion.

Axis Direct

NLC India Limited - PAT Largely Inline; Revenue/EBITDA Miss

Q1FY25 PAT largely inline: NLCIL’s PAT increased to Rs 567 Cr (up 37%/397% YoY/QoQ), largely in line with our estimate. PAT, excluding regulatory...

Axis Direct

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