NEW DELHI: State-owned Coal India Limited reported a strong 26% year-on-year growth in consolidated net revenue for the quarter ended March 2024, reaching Rs 8,682 crore.
Despite the sturdy efficiency in profitability, the corporate noticed a slight decline in income from operations, which dropped by 2% year-on-year to Rs 37,410 crore, down from Rs 38,152 crore in the corresponding interval final 12 months.
Coal India additionally introduced a remaining dividend fee of Rs 5 per share for the fiscal 12 months 2023-24. However, on a sequential foundation, net revenue declined by 14% from Rs 10,130 crore reported in the December quarter, whereas revenues noticed a modest enhance of three%.
The firm’s consolidated EBITDA stood at Rs 11,337 crore for the quarter, with margins at 30.3%. Total bills throughout the quarter decreased by 8% year-on-year to Rs 28,298 crore, in comparison with Rs 30,873 crore in the fourth quarter of the earlier fiscal.
Operationally, Coal India demonstrated important growth, with manufacturing of uncooked coal rising to 241 million tonnes in the fourth quarter, up from 198 million tonnes in the identical interval final 12 months. Coal offtake additionally noticed an enchancment, rising to 201 million tonnes in Q4FY24 from 191 million tonnes in Q4FY23.
For the total fiscal 12 months 2023-24, Coal India posted a net revenue of Rs 37,402 crore, an 18% enhance in comparison with Rs 31,763 crore in FY23. Revenue from operations for the 12 months rose by 3% year-on-year to Rs 1.42 lakh crore, up from Rs 1.38 lakh crore in the earlier fiscal 12 months.
The firm’s e-auction gross sales contributed Rs 5,743 crore throughout the March quarter, whereas gross sales from Fuel Supply Agreements (FSA) stood at Rs 27,016 crore. The general net gross sales from uncooked coal have been reported at Rs 32,760 crore with a median realization per tonne of Rs 1650.31.
Additionally, gross sales from washed coal totaled Rs 1,077 crore with a median realization of Rs 7,302.77 per tonne.
Despite the optimistic monetary outcomes, shares of Coal India closed 0.51% decrease at Rs 452 on the National Stock Exchange on Thursday.
“There are some things you learn best in calm, and some in storm.” — Willa Cather, The Song of the Lark
Despite the sturdy efficiency in profitability, the corporate noticed a slight decline in income from operations, which dropped by 2% year-on-year to Rs 37,410 crore, down from Rs 38,152 crore in the corresponding interval final 12 months.
Coal India additionally introduced a remaining dividend fee of Rs 5 per share for the fiscal 12 months 2023-24. However, on a sequential foundation, net revenue declined by 14% from Rs 10,130 crore reported in the December quarter, whereas revenues noticed a modest enhance of three%.
The firm’s consolidated EBITDA stood at Rs 11,337 crore for the quarter, with margins at 30.3%. Total bills throughout the quarter decreased by 8% year-on-year to Rs 28,298 crore, in comparison with Rs 30,873 crore in the fourth quarter of the earlier fiscal.
Operationally, Coal India demonstrated important growth, with manufacturing of uncooked coal rising to 241 million tonnes in the fourth quarter, up from 198 million tonnes in the identical interval final 12 months. Coal offtake additionally noticed an enchancment, rising to 201 million tonnes in Q4FY24 from 191 million tonnes in Q4FY23.
For the total fiscal 12 months 2023-24, Coal India posted a net revenue of Rs 37,402 crore, an 18% enhance in comparison with Rs 31,763 crore in FY23. Revenue from operations for the 12 months rose by 3% year-on-year to Rs 1.42 lakh crore, up from Rs 1.38 lakh crore in the earlier fiscal 12 months.
The firm’s e-auction gross sales contributed Rs 5,743 crore throughout the March quarter, whereas gross sales from Fuel Supply Agreements (FSA) stood at Rs 27,016 crore. The general net gross sales from uncooked coal have been reported at Rs 32,760 crore with a median realization per tonne of Rs 1650.31.
Additionally, gross sales from washed coal totaled Rs 1,077 crore with a median realization of Rs 7,302.77 per tonne.
Despite the optimistic monetary outcomes, shares of Coal India closed 0.51% decrease at Rs 452 on the National Stock Exchange on Thursday.
“There are some things you learn best in calm, and some in storm.” — Willa Cather, The Song of the Lark
