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vantagefeed.com > Blog > Business > Indian Coal’s second quarter net profit falls 21.75% due to slowdown in coal production
Indian Coal’s second quarter net profit falls 21.75% due to slowdown in coal production
Business

Indian Coal’s second quarter net profit falls 21.75% due to slowdown in coal production

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Last updated: October 26, 2024 3:00 am
Vantage Feed Published October 26, 2024
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State-run coal miner Coal India on Friday reported a 21.75 per cent year-on-year decline in consolidated net profit to Rs 6,274.8 crore due to lower revenue in the second quarter of the current fiscal.

The company had posted a net profit of Rs 8,018.64 crore in the second quarter of the previous fiscal.

According to stock exchange filings, the miner’s operating revenue for the second quarter of the current fiscal stood at Rs 30,672.80 crore, down 6.42% year-on-year from Rs 32,776.41 crore in the same period last year.

Total expenses decreased by only 1.44% to Rs 24,161.69 crore during the period under review.

Coal production in the second quarter of 2025 decreased to 152.06 million tonnes from 157.426 million tonnes in the second quarter of 2024. Coal intake also declined to 167.71 million tonnes in the same period from 173.731 million tonnes in the same period last year.

The board of directors of CIL has declared the first interim dividend for the financial year 2024-25 at ₹15.75 per share on the face value of ₹10, as per the recommendation of the company’s audit committee. 5

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Published October 26, 2024

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