Coal India net profit has decreased by 17% to Rs 8,491 crore, leading the company to declare its second interim dividend
Coal India Ltd reported a 17% decrease in its consolidated profit, amounting to Rs 8,491.22 crore for the quarter ending on December 31, 2024. This decline is compared to the previous year’s profit of Rs 10,291.7 crore, as stated in a regulatory filing by the state-owned company.
During the October-December period, the company’s consolidated income fell to Rs 37,922.98 crore from Rs 38,357.23 crore in the same quarter of the previous fiscal year. Additionally, the consolidated sales of Coal India Ltd dropped to Rs 32,358.98 crore from Rs 33,011.11 crore in the year-ago period.
These financial figures indicate a challenging quarter for Coal India Ltd, reflecting a decrease in both profit and sales compared to the previous year.
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