NLCIL revenue for FY 2018-19 dips to Rs 1,023.78 crore

NLCIL’s revenue dipped to Rs 1,023.78 cr in the FY 2018-19. The total revenue of the company for the FY 2018-19 is Rs 8059.27 cr as against Rs 9083.05 cr in the corresponding previous FY. According to a news release shared by Government of India entreprise states that “the fall in revenue is mainly on account of reduction of lignite transfer price (Rs 420 cr), implementation of Ind As115 (Rs 658 cr) and non- applicability of clean energy cess (Rs 220 cr) in the current FY and having no impact on bottom line”.

The profit for the year is Rs 1266.97 cr as against Rs 1848.78 cr in the corresponding previous FY. The dip in profit is mainly on account of lower plant availability, decrease in Lignite Stock and implementation of VRS.