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  1. Coal India Q3 result: Net profit falls 17% to ₹8,491 crore, announces second interim dividend

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Coal India Q3 result: Net profit falls 17% to ₹8,491 crore, announces second interim dividend

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2 min read | Updated on January 27, 2025, 17:44 IST

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SUMMARY

Coal India’s revenue from operations stood at ₹35,779.74 crore in Q3 FY25, slumping 1.04% from ₹36,153.97 crore in the year-ago period, the company said in a regulatory filing. Further, the company reported a 17% year-on-year decline in profit due to lower sales.

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 Coal India accounts for over 80% of India’s coal output

Coal India accounts for over 80% of India’s coal output

State-owned Coal India Ltd (CIL) on Monday reported a 17.4% year-on-year (YoY) decline in consolidated net profit at ₹8,491.22 crore for the quarter ended December 31, 2024 on the back of lower sales.

In the corresponding period last year, it had posted a net profit of ₹10,291.71 crore.

The company’s revenue from operations stood at ₹35,779.74 crore in Q3 FY25, slumping 1.04% from ₹36,153.97 crore in the year-ago period, the company said in a regulatory filing.

CIL’s sales drop 2%

During the October-December quarter of the 2024-25 fiscal, its sales slipped to ₹32,358.98 crore, down 1.98% YoY from ₹33,011.11 crore during the same period last year.

Total expenses of the coal behemoth during the third quarter rose to ₹26,201.55 crore, jumping 4.25% YoY from ₹25,132.87 crore earlier.

Coal India accounts for over 80% of India’s coal output.

The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹12,317.2 crore, declining 5.03% YoY from ₹12,970.7 crore in Q3 FY24. Its EBITDA margin contracted to 34.4% in the period under review, compared to 35.9% last year.

Coal India announces second interim dividend

Coal India’s board of directors also announced a second interim dividend of ₹5.60 per equity share on the face value of ₹10 each for the financial year 2024-25.

The board decided to set January 31 as the record date, while the payment of the second interim dividend will be made by February 26.

Coal India closed in the red at ₹374.00, down 2.36% on the National Stock Exchange on Monday, January 27. However, the company declared its Q3 results after market hours.

The PSU has a total market cap of ₹2.31 lakh crore as of January 27 on the NSE.

With PTI inputs
Upstox

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