Coal India Dividend: Board Approves Rs 5.15 Per Share — Check Details

Coal India Ltd.'s board on Wednesday recommended a final dividend of Rs 5.15 per share for the financial year 2024-25. The company will pay out Rs 3,173.8 crore in dividends to nearly 23 lakh shareholders.

The proposal will require shareholders' approval at the upcoming annual general meeting. "The dividend would be paid within 30 days from the date of declaration at the AGM. The record date for the final dividend would be fixed and intimated in due course," according to a stock exchange filing.

The government, which owns 63.13% equity, will be paid Rs 2,003 crore in dividends.

Coal India has Rs 11,160.68 crore in cash and cash equivalents as of March 2025 on a consolidated basis.

The company paid its first interim dividend for the fiscal, of Rs 15.75 a share, in October 2024, followed by Rs 5.6 per share in January 2025.

Retail investors holding nominal share capital up to Rs 2 lakh own a 4% stake in Coal India, pegging their share of dividend at Rs 170 crore.

Coal India posted a 12% increase in its net profit for the fourth quarter of fiscal 2025, thereby beating analysts' estimates.

The state-run coal supplier reported a consolidated bottom-line of Rs 9,604.02 crore for the January-March quarter, compared to Rs 8,572.14 crore in the same period last year. This is higher as compared to the Rs 8,414-crore consensus estimate of analysts tracked by Bloomberg.

The company reported a slight decline in revenue of 1%, reaching Rs 37,824.54 crore, which was still above the estimated Rs 36,638 crore.

Before the quarterly results were declared, shares of Coal India settled 1.44% higher at Rs 383.8 apiece on the BSE, compared to a 0.13% rise in the benchmark Sensex. The stock has fallen 16% in the last 12 months and 0.6% so far this year.