Coal India Limited has announced its first interim dividend for the financial year 2024-25, amounting to ₹15.75 per share on a face value of ₹10. The declaration came after a board meeting where the unaudited financial results for the second quarter and half year ended September 30, 2024, were reviewed and approved.
The company has set Tuesday, November 5, 2024, as the record date for the interim dividend, meaning that shareholders on record as of that date will be eligible to receive the dividend. The payment of the first interim dividend is expected to take place by November 24, 2024.
This announcement comes in the wake of Coal India’s Q2 FY25 financial results, where the company reported a dip in both revenue and profitability. However, the declaration of a significant dividend underscores Coal India’s ongoing commitment to rewarding its shareholders despite the financial challenges.
Coal India reported its Q2 FY25 results, showing a decline in revenue and net profit:
- Revenue from Operations: Coal India generated ₹30,672.88 crore in revenue, down 6% year-on-year compared to ₹32,759.14 crore in Q2 FY24.
- Net Profit: The company posted a net profit of ₹6,274.80 crore for the quarter, a decline of 22% compared to ₹8,048.64 crore in Q2 FY24.
- EBITDA: Coal India’s EBITDA for Q2 FY25 stood at ₹8,617 crore, compared to ₹10,043 crore in the same period last year, representing a 14% YoY decline.
- EBITDA Margin: The company achieved an EBITDA margin of 28.1%, which is 250 basis points higher than the previous year.
