
Coal India reported a consolidated net profit of ₹8,506 crore for the third quarter of FY25, marking a 17% decline from ₹10,253.48 crore in the same period last year. The decrease in profit is attributed to a slowdown in the economy, which has led to moderate consumption growth for coal. Despite this decline, the company's performance surpassed analyst expectations. Alongside its earnings, Coal India declared an interim dividend of ₹5.6 per share. The company will hold a board meeting on January 27, 2024, to approve these results and discuss other matters. The decline in profit was accompanied by a 1.5% drop in both shipments and output, as softening demand for electricity continues to pressure coal sales.
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#CoalIndia Q3 Profit Decline Coal India Ltd. reported a 17% decrease in its consolidated net profit for the third quarter of FY25, amounting to Rs 8,506 crore, compared to the previous year. Despite this decline, the company's performance exceeded analyst expectations. Revenue…
Coal India #Q3Results State-owned #CoalIndia on Monday reported a 17% drop in consolidated net profit to Rs 8,505.57 crore for #Q3FY25 from Rs 10,253.48 crore reported during the same period last year. @VMukherjee7 https://t.co/FblqMRSLr8