Daijiworld Media Network – New Delhi
New Delhi, May 7: Government-owned Maharatna PSU Coal India Ltd reported a 12% rise in its consolidated net profit for the January–March quarter of FY2024-25, clocking Rs 9,604 cr compared to Rs 8,572 cr in the same quarter last year.
Despite the profit surge, revenue from operations for the quarter slipped marginally by 1% year-on-year to Rs 37,824.54 cr. In Q4FY24, the company had recorded operational revenue of Rs 38,213.48 cr.
Coal India’s Board of Directors has recommended a final dividend of Rs 5.15 per share for FY25, pending approval at the upcoming Annual General Meeting. The dividend will be paid within 30 days of declaration.
Margins for the quarter improved to 31.2% from 29.8% a year ago, while the company’s EBITDA rose 3.5% to Rs 11,790 cr. Total expenses for the quarter stood at Rs 29,057.30 cr, nearly unchanged from Rs 28,950.41 cr last year.
For the full financial year, Coal India reported a consolidated net profit of Rs 35,358.16 cr on revenue of Rs 1,43,368.92 cr.
Coal production for Q4FY25 stood at 237.69 million tonnes, down 1.7% from 241.75 million tonnes last year. Offtake also dipped slightly to 201.38 million tonnes from 201.66 million tonnes.
However, on an annual basis, raw coal production increased nearly 1% to 781.05 million tonnes, and offtake rose to 761.71 million tonnes from 753.59 million tonnes.
Earnings per share (EPS) for the March quarter increased to Rs 15.58 from Rs 13.91 in the same period last year.
Coal India’s share price rose 1.44% on Wednesday, closing at Rs 383.80 on the BSE.