Loading Now

Coal India Q3 net falls 17.5% to ₹8,491 crore

Coal India Q3 net falls 17.5% to ₹8,491 crore


State-run coal miner Coal India on Monday posted a 17.5 per cent year-on-year fall in its consolidated net profit to ₹8,491.22 crore for the third quarter this fiscal from ₹10,291.71 crore in the corresponding quarter last fiscal, due to lower realisations from sale through both fuel supply agreement and e-auction.

Revenue from operations during the third quarter of FY25 witnessed a 1.03 per cent decline to ₹35,779.78 crore compared to ₹36,153.97 crore in the same period of FY24.

Realisation from coal sales through fuel supply agreement stood at ₹1,514 per tonne during the period under review compared to ₹1,532 per tonne a year ago due to reduction in fuel agreement supplies during the quarter to 170.77 tonnes from 172.30 tonnes in the corresponding period previous year.

Realisation from e-auction was ₹2,671 per tonne in the third quarter compared to ₹3,321 per tonne in the corresponding quarter previous year. E-auction volume during Q3FY25 was 19.24 tonnes against 15.76 tonnes in Q3FY24.

The company’s board approved a second interim dividend of ₹5.60 per share of face value ₹10 each.





Source link

Post Comment