Coal India Limited posted its financial results for the 9-month and third quarter ending December 31, 2024.
Post the announcement, on January 28, 2025, Coal India share price (NSE: COALINDIA) opened at ₹376.00, up from its previous close of ₹375.75. At 9:53 AM, the share price of Coal India was trading at ₹370.05, down by 1.52% on the NSE. Notably, the stock price touched its 52-week low recently at ₹361.25.
For the nine months ending December 2024 (9M FY25), the total income stood at ₹1,08,450 crore, marking a decline of ₹2,189 crore or 2% compared to ₹1,10,639 crore in 9M FY24. PAT for the period was ₹25,710 crore, reflecting a decrease of ₹3,129 crore or 11% from ₹28,839 crore in the corresponding period of the previous year.
In Q3 FY25, the total income was ₹37,923 crore, a slight decline of ₹434 crore or 1% compared to ₹38,357 crore in Q3 FY24. The profit after tax (PAT) stood at ₹8,491 crore, reflecting a decrease of ₹1,801 crore or 17% from ₹10,292 crore in the corresponding quarter of the previous year.
Further, the Board of Directors approved the declaration of the 2nd Interim Dividend for the financial year 2024-25 at ₹5.60 per equity share with a face value of ₹10. This decision was recommended by the Audit Committee during its meeting.
As previously informed to the stock exchanges dated 15th January 2025, the company has set Friday, January 31, 2025, as the Record Date for determining eligibility for this dividend. The payment of the 2nd Interim Dividend for FY 2024-25 will be completed by February 26, 2025.
Coal India Ltd is primarily involved in the mining and production of coal and also operates coal washeries. The main consumers of the company are the power and steel sectors. Consumers from other sectors include cement, fertilisers, brick kilns etc.
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Published on: Jan 28, 2025, 9:59 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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