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.
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