Coal India Ltd. on Friday announced its first interim dividend at Rs 15.75 per share on the face value of Rs 10 for the financial year 2025.
The company has set the record date for the dividend on Nov. 5 and the payment for the same shall be on Nov. 24.
Coal India's revenue decreased by 6.42% to Rs 30,672 crore, compared to Bloomberg's estimate of Rs 31,207 crore. Its net profit declined 22.03% to Rs 6,275 crore, compared to the Bloomberg estimate of Rs 8,444 crore.
The coal producers posted earnings before interest, tax, depreciation and aromatization at Rs 8,615 crore, indicating a 14.16% dip. This compares to Rs 10,037 crore in the second quarter of the last fiscal. Margins narrowed at 28.08% compared to 30.62%
September Production Data
Coal India reported a provisional 1% decrease in coal production, reaching 50.9 million tonnes in September.
The state-owned company recorded sales of 54.4 million tonnes for the month, marking a 1.4% year-on-year decline, according to a business update. In September of the previous fiscal year, the company’s coal production stood at 51.4 million tonnes.
Shares of Coal India closed 3.38% lower at Rs 461.10 apiece on the National Stock Exchange, compared to a 0.9% fall in the benchmark Nifty 50. The stock has risen 48.60% in the last 12 months and 22.63% on a year-to-date basis.
Out of the 26 analysts tracking the company, 19 maintain a 'buy' rating on the stock, four recommend 'hold' and three suggest 'sell', according to Bloomberg data. The average of 12-month analysts' consensus price targets implies a potential upside of 20.3%.
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