Coal India Q3FY25 net profit drops 17% YoY to Rs 8,505.57 cr; board declares Rs 5.60 interim dividend
Kolkata: State-owned Coal India Ltd (CIL) announced a 17% year-on-year decline in consolidated net profit for the third quarter (Q3) of the financial year 2024-25 (FY25), posting Rs 8,505.57 crore compared to Rs 10,253.48 crore in the same period last year, PTI reported.
The drop was attributed to reduced coal demand and lower offtake during the quarter.
On a sequential basis, however, net profit rose by 35% from Rs 6,289 crore recorded in the previous quarter.
Consolidated revenue from operations experienced a slight decline of 1% year-on-year (YoY), amounting to Rs 35,780 crore compared to Rs 36,154 crore.
Sequentially, the revenue increased by 16.6% from Rs 30,679 crore.
The company’s consolidated total expenses rose 4% YoY to Rs 26,202 crore, up from Rs 25,133 crore.
Sequentially, expenses climbed by 8.4% from Rs 24,162 crore reported in the July-September quarter.
Coal India’s earnings before interest, taxes, depreciation, and amortisation (Ebitda) stood at Rs 12,317.2 crore, reflecting a 5% YoY decline from Rs 12,970.7 crore in Q3 FY24.
The EBITDA margin for the quarter came in at 34.4%, slightly lower than the 35.9% recorded in the same period last year.
The board of directors has announced a second interim dividend of Rs 5.60 per equity share for FY25.
The record date for the dividend has been set for Friday, January 31, 2025, with payment expected by February 26, 2025.
Coal India continues to dominate India’s coal industry, contributing over 80% of the country’s domestic coal output.
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