Coal India Ltd.'s consolidated net profit rose 25.8% in the fourth quarter of fiscal 2024, surpassing analysts' estimates.
The state-run coal producer posted a profit of Rs 8,640 crore in the January–March period, according to an exchange filing on Thursday. Analysts tracked by Bloomberg had a consensus estimate of Rs 7,617 crore.
Coal India Q4 FY24 Highlights (Consolidated, YoY)
Revenue down 2% at Rs 37,410 crore (Bloomberg estimate: Rs 36,909 crore).
Ebitda up 21.5% at Rs 11,338 crore (Bloomberg estimate: Rs 10,132 crore).
Ebitda margin at 30.3% vs 24.5% (Bloomberg estimate: 27.5%).
Net profit up 25.8% at Rs 8,640 crore (Bloomberg estimate: Rs 7,617 crore).
Also Read: Coal India Production Rises 7% In April
Production And Offtake Of Raw Coal
Dividend Yield
The board of directors have recommended the payment of a final dividend for FY24 at Rs 5 per share. The company had already declared Rs 20.5 interim dividend in FY24, bringing the overall dividend to Rs 25.5 per share.
RECOMMENDED FOR YOU
Kalyan Jewellers Share Price Erases Gains After Rising On Q2 Earnings Beat
Nov 14, 2024
Coal India Share Price Slips Over 5% After Weak Quarterly Earnings
Oct 28, 2024
Coal India Announces Interim Dividend Of Rs 15.75 Per Share
Oct 25, 2024
Coal India Q2 Review: Brokerages Reduce Target Prices As Profit Misses Estimates
Oct 25, 2024
POPULAR