Coal India Ltd recorded a combined net profit of 4,556 crores for the December quarter, up 48 percent from the same quarter the previous year. During the fiscal quarter, the company’s revenues climbed by 20% to 25,991 crores, up from 21,708 crores the previous year.
Similarly, income from operations increased by 20% to 28,433 crores in comparison to the previous year period of 23,686 crores. In addition, the Board has sanctioned the distribution of a second interim dividend of Rs5 per share for the fiscal year 2021-2022.
The recorded date for the distribution of the 2nd interim dividend is February 22nd, according to the corporation.
On Monday, the Coal India stock fell 2.88 percent to close at 161.70 on the NSE. Profit before tax (PBT) increased by 33% year on year in the q3 to 6,302 crores. In the Q3 of the previous year, it was Rs. 4,742 crore.
In the December quarter, raw coal output increased to 163.82 million tonnes, up from 156.78 million tonnes the previous year. Meanwhile, in the reporting quarter, the offtake was 173.77 million tonnes. In the previous December quarter, the figure was 154.46 million tonnes.
