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Coal India’s revenue increased 2.2% YoY
  • 02 Aug 2024
  • Coal India reported a 3.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 2.2%.
  • Its expenses for the quarter were down by 14.2% QoQ and up by 0.7% YoY.
  • The net profit grew 26.7% QoQ and 4.2% YoY.
  • The earnings per share (EPS) of Coal India stood at 17.8 during Q1FY25.

Coal India’s Financial Statements for Q1FY25:

Financials:

  • Net Profit: ₹10,943.55 crores, up 4% YoY from ₹10,498.39 crores and up 26.6% sequentially from Rs 8,640.45 crores.
  • Revenue from Operations: Increased by 1.3% YoY to ₹36,464.61 crores, compared to ₹35,983.21 crores in the same period last year.
  • Total Income: Rose by 2.2% YoY to ₹38,349.21 crores.
  • Total Expenses: Slightly up by 0.7% YoY to ₹24,287.40 crores.
  • Earnings per share: EPS improved to ₹17.8 from ₹14.1 in the previous quarters.

Key Highlights:

  • Coal Production: Increased by 7.8% YoY to 189.28 million tonnes from 175.47 million tonnes in Q1FY24.
  • Coal Off-take: Rose to 198.50 million tonnes from 186.95 million tonnes in the same period of FY24.
  • New Projects: Opened a new non-coking coal washery with a capacity of 10 million tonnes per annum at a cost of ₹398 crores.
  • New Subsidiary: Incorporated Bharat Coal Gasification & Chemicals Limited for coal gasification business and projects.
  • Capital Expenditure: Increased by 2.6% to ₹3,331.44 crores, compared to ₹3,244.70 crores in Q1FY24.
  • New Bids: Preferred bidder for Madhya Pradesh’s Khattali Chotti graphite block.

Data Source: BSE, Company announcements
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