**Coal India Reports Q3 Results: Profit Declines 17.5% Year-on-Year**
State-owned coal mining giant Coal India announced a consolidated net profit of ₹8,491.22 crore for the December quarter (Q3) of the current financial year, reflecting a 17.5% decrease compared to ₹10,291.71 crore in the same period last year. However, the company’s profit saw a significant sequential increase of 35% from ₹6,274.80 crore in Q2FY25.
In terms of sales, Coal India experienced a 2% decline, with revenues totaling ₹32,358.98 crore, down from ₹33,011.11 crore in Q3FY24. On a quarter-on-quarter basis, sales rose by 18.7% from ₹27,271.30 crore in Q2FY25.
The total production of raw coal for the quarter increased to 202.014 million tonnes, up from 198.994 million tonnes in Q3FY24 and 152.060 million tonnes in Q2FY25.
The board of directors has declared a second interim dividend of ₹5.60 per equity share for the financial year 2024-25, with a record date set for January 31, 2025. This dividend is scheduled to be paid by February 26, 2025. Earlier, on October 25, 2024, the company announced a first interim dividend of ₹15.75 per equity share.
Total expenses for the quarter rose by 4.3% year-on-year to ₹26,201.55 crore, compared to ₹25,132.87 crore in Q3FY24. The basic earnings per share (EPS) for Q3FY25 stood at ₹13.80, down from ₹16.64 year-over-year and up from ₹10.21 quarter-on-quarter.
On January 27, Coal India shares closed 2.04% lower at ₹375.40.
