BAJAJ BROKING
Coal India Limited (CIL), a state-owned mining company, announced its financial results for the third quarter of FY24-25. The company reported a revenue of ₹35,780 crore, down 1% year-on-year (YoY), and a 17% decline in net profit to ₹8,506 crore. Despite the YoY decline, the profit exceeded market estimates of ₹8,083 crore.
Also read: Adani Green Q3 Results FY24-25 Highlights: Revenue Up 13% YoY
Revenue: ₹35,780 crore, down 1% YoY from ₹36,154 crore, but up 17% sequentially from ₹30,672 crore.
Net Profit (PAT): ₹8,506 crore, a 17% YoY decline from ₹10,253 crore, but a 35% increase over ₹6,289 crore in Q2 FY25.
Expenses: Total expenses increased to ₹26,202 crore, up from ₹25,133 crore YoY and ₹24,162 crore sequentially.
Interim Dividend: Announced at ₹5.60 per equity share, with a record date of January 31, 2025, and payment by February 26, 2025.
Coal India reported a mixed set of results for Q3 FY24-25. Revenue declined slightly YoY to ₹35,780 crore but showed a strong sequential growth of 17%. Net profit fell 17% YoY to ₹8,506 crore, primarily due to increased expenses. However, on a sequential basis, profit improved significantly by 35%.
Revenue Performance:
Revenue from operations stood at ₹35,780 crore, down 1% YoY but up 17% sequentially.
Revenue was supported by steady coal production and dispatch during the quarter.
Expenses:
Total expenses rose to ₹26,202 crore, a 4% YoY increase from ₹25,133 crore in Q3 FY24.
Key contributors included contractual expenses, material costs, and employee benefits.
Dividend Announcement:
Coal India announced an interim dividend of ₹5.60 per equity share, with the record date set for January 31, 2025.
Coal India's performance aligns with sector trends, reflecting stable production levels and steady demand. Despite a decline in YoY profit, the company’s sequential growth indicates resilience in addressing rising expenses. The dividend announcement demonstrates continued value creation for shareholders.
Metric | Q3 FY24-25 | Q2 FY24-25 | Q3 FY23-24 | YoY Change (%) | QoQ Change (%) |
Revenue (₹ crore) | 35,780 | 30,672 | 36,154 | -1% | +17% |
Net Profit (₹ crore) | 8,506 | 6,289 | 10,253 | -17% | +35% |
Total Expenses (₹ crore) | 26,202 | 24,162 | 25,133 | +4% | +8% |
Interim Dividend (₹ per share) | 5.60 | Not applicable | Not applicable | Not applicable | Not applicable |
Coal India continues to navigate a challenging macroeconomic environment, delivering strong sequential growth while managing increased costs. The company remains committed to enhancing shareholder value through consistent dividend payouts and operational efficiency improvements.
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