Government-owned Coal India on Wednesday reported a 12 per cent growth in its consolidated net profit at Rs 9,604 crore in the January-March quarter of financial year 2024-25, compared with the corresponding figure of Rs 8,572 crore in the same quarter of the previous financial year.
The coal giant’s Board of Directors have recommended a payment of final dividend at the rate of Rs 5.15 per share for the financial year 2024-25, subject to approval in the forthcoming Annual General Meeting of the company. The dividend would be paid within 30 days from the date of declaration.
Coal India’s revenue from operations for the quarter under review, however, slipped 1 per cent year-on-year to Rs 37,824.54 crore against Rs 38,213.48 crore in Q4FY24.
However, the company’s margin improved to 31.2 per cent in the January-March quarter compared to 29.8 per cent in the same quarter of the previous year.
For the full financial year 2024-25, Coal India’s consolidated profit works out to ₹35,358.16 crore while the revenue from operations came in at Rs 1,43,368.92 crore.
The Maharatna PSU’s total expenses during the quarter remained flat year-on-year at Rs 29,057.30 crore compared with Rs 28,950.41 crore in the same quarter of FY24.
The company’s EBITDA went up by 3.5 per cent year-on-year in the fourth quarter to Rs 11,790 crore compared to Rs 11,387.6 crore while the margin increased by 120 bps to 31.2 per cent from 29.8 per cent in the previous financial year.