Coal India Q4 Results: Net profit surges 26% YoY to Rs 8,682 crore, beats estimates
Revenue from operations during the January-March 2024 period declined 2% year-on-year to Rs 37,410 crore. The same stood at Rs 38,152 crore in the corresponding period of last year.
The board has also recommended payment of final dividend for the financial year 2023-24 at Rs 5 per share.
On a sequential basis, net profit declined 14% from Rs 10,130 crore reported in the preceding December quarter. Meanwhile, revenues increased 3% quarter-on-quarter.
The company reported consolidated EBITDA of Rs 11,337 crore in the reporting quarter, while margins stood at 30.3%.
Total expenses during the quarter fell 8% year-on-year to Rs 28,298 crore. This compares with Rs 30,873 crore expenditure in the fourth quarter of previous fiscal.
Operationally, the production of raw coal increased to 241 million tonnes in the fourth quarter as against 198 million tonnes in the previous-year period. Meanwhile, the offtake too improved to 201 million tonnes in Q4FY24 versus 191 million tonnes in Q4FY23.
For the full year 2023-24, Coal India reported a net profit of Rs 37,402 crore, higher by 18%, compared with Rs 31,763 crore clocked in FY23.
Revenue from operations for the full fiscal year jumped 3% year-on-year Rs 1.42 lakh crore. The company had posted revenues of Rs 1.38 lakh crore in the previous fiscal year.
The company garnered Rs 5,743 crore in sales from e-auction during the March quarter, while the sales from FSA stood at Rs 27,016 crore. The overall net sales from raw coal came in at Rs 32,760 crore and the average
