Coal India Q4 Results: Profit Rises 49%, Misses Estimates

Coal India Ltd.’s quarterly profit rose, missing estimates, amid cost control measures and an increase in other income.

Sales Volumes

• The company’s offtake rose 7.2% sequentially to Rs 165 million tonnes versus Rs 154 million.
• Fuel supply agreement volumes increased 7.9% quarter-on-quarter to Rs 133 MT.
• E-auction volumes, too, jumped 6% quarter-on-quarter.

Realisation

Coal India’s total realisation rose 5.4% quarter-on-quarter to Rs 1,483 per tonne, as e-auction realisation jumped 19.5% over the last quarter to Rs 1,752 per tonne. Realisation through fuel supply agreements rose 2.8% to Rs 1,392 per tonne

Coal India announced an additional final dividend of Rs 3.50 per share at its board meeting on June 14.