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Coal India Q4: Net profit down, declares dividend

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Adani Power reports mixed Q4 numbers

The energy company reported a consolidated profit growth of over 12% YoY to ₹5,242 crore for the March quarter. The profit growth came on account of lower financial costs. Meanwhile, its total revenue declined by over 18% to ₹10,795 crore due to higher fuel cost and lower prior period revenue recognition.

⭐ Coal India Q4: Net profit down, declares dividend

India’s largest coal miner reported lower net profit during the fourth quarter. Its net profit was down 18% YoY to ₹5,528 crore, mainly due to increased provisions towards wages. During the same period, its net sales rose 17% YoY to ₹35,161 crore. In addition, the company's board has recommended a final dividend of ₹4 per share.

⭐ Thermax wins new order

The energy solutions provider has received a new order worth ₹271 crore from a domestic private oil refiner. The project involves setup of a captive power plant to be used for a new oil-to-chemical (O2C) facility. The project is slated to be completed within a span of 16 months.


Global markets (at 8:15 AM today)

Indices Today's movement
SGX Nifty 0.17%
Nikkei 225 (Japan) ▼ 0.65%
Hang Seng (Hong Kong) 0.72%
SSE Composite (China) 1.34%
Dow Jones (US) (May 05) 1.65%
NYSE (US) (May 05) 1.51%
Nasdaq (US) May 05) 2.25%
S&P 500 (US) (May 05) 1.85%

Fact of the day

Electronic wearables production in India reaches ₹8,000 crore in FY23.

Source: Economic Times
Categories: Morning Update