Neyveli: Extraordinary fillip
(Jan 12, 2005)
South based power generation PSU, Neyveli Lignite, declared its December quarter numbers yesterday. On YoY basis, the company's topline declined by 5%, but bottomline growth was a significant 94%. This was largely because of a significant margin expansion, as well as higher other income kicker. On the whole, Neyveli's nine month ended December 2004 performance saw nearly 8% revenue and 4% net profit growth.

Neyveli Lignite: Fades a shade
(Sep 8, 2004)
Performance summary: South based power generation PSU, Neyveli Lignite, declared better overall numbers for 1QFY05 as compared to the previous quarter (4QFY04). On YoY basis, the topline grew by 3% and bottomline was higher by 7%. Operating margins took a hit (down 450 basis points) because of incentives provided to SEBs (State Electricity Boards).

Neyveli Lignite: Lackluster results
(Jul 12, 2004)
South based power generation PSU, Neyveli Lignite, declared lackluster results for the quarter ended March 2004. The topline of the company grew by around 7% YoY but the bottomline was lower by around 24% as compared to the same period last year. However, for the year ended FY04, the topline growth stood at 4%. Operating margins during the quarter improved significantly but due to a bad third quarter, operating margins for the year FY04 was lower.

Neyveli: What went wrong in 3QFY04
(Feb 25, 2004)
Like other private power companies, Neyveli Lignite, has also laid out big expansion plans. The company intends to more than double its power generation capacity over the next 3 to 5 years. The stock has given good returns in 2003. However, due to lacklustre results in 3QFY04 the stock has lost around 35% in the past one month. The topline of the company declined by around 14% during the quarter. However, the bottomline of the company dipped by around 34% in the December quarter. Let’s have a detailed look at the results of the company.

Neyveli Lignite: A brief overview
(Dec 26, 2003)
Like all other sectors, power stocks, too, have been in the limelight on the bourses. A key reason for their run up on the stock markets was the initiation of the power reforms in the country. The passage of the Electricity Act, 2003 was one of the key triggers for the stocks in the sector. In the Act, the government has planned that it would pay back the dues of SEBs to the generating companies, one of them being Neyveli Lignite, in the form of securitised assets. In this article, let us have a brief overview of Neyveli Lignite.

Neyveli Lignite: Lignite steals the show
(Nov 20, 2003)
Power generation PSU, Neyveli Lignite Corporation, declared good results for the September quarter. While the topline of the company registered a growth of about 18% YoY, a significant increase in the other income component, propelled the bottomline by 121% YoY for the 2QFY04. However, the operating margins of the company dipped significantly owing to more than doubling of operating expenditure.

Neyveli Lignite: Big plans
(Sep 15, 2003)
With the passage of the Electricity Act 2003, a ray of hope has come to the power sector. RBI has already issued bonds worth Rs 115 bn to NTPC in lieu of the huge due that it is to receive from various SEBs. Neyveli Lignite is another PSU with huge dues pending against Tamil Nadu state electricity board. In the light of the fact that major capacity expansions are planned in the industry, let us have a look at what plans this PSU has chalked out for the future.