Coal India Sees 16% Fall In Consolidated Q2 Net Profit; Approves Dividend

On Wednesday, Coal India reported a 16.31 percent decline in consolidated net profit at Rs 2,948.12 crore for the September-ended quarter. In comparison, the company posted a profit of Rs 3,522.70 crore for the same period a year ago.

It also announced that its board has approved an interim dividend of Rs 7.50 per share.

The public sector coal mining and refining company's revenue from operations rose 3.78 percent to Rs 21,153.07 crore.

On the other hand, the total expenditure of the company increased to Rs 18,177.82 crore from Rs 17,734.44 crore.

Offtake of raw coal increased 9.41 percent to 133.96 million tonnes, while production jumped by 10.56 percent to 114.98 million tonnes, from the same period a year ago.

Shares of Coal India closed 0.92 percent up at Rs 125.90. The company announced its financial results after market hours.