Coal India, the world’s largest coal miner, announced its financial performance for the March-ended quarter and financial year ended March 31 after market hours today, reporting a consolidated net profit of ₹10,839 crore in Q4, higher than Street estimates.
The state-owned company had reported a net profit of ₹9,751 crore in the same period last year, indicating an 11.15% year-on-year growth. Sequentially, too, net profit improved 51.4% from ₹7,157 crore reported in the December quarter.
Though sales volumes came in lower, higher other income aided profitability, rising to ₹5,127 crore in Q4 from ₹3,939 crore in the corresponding quarter of last year.
Its consolidated revenue from operations during the quarter under review rose 4.7% to ₹46,490 crore from ₹43,961 crore in the year-ago period and also improved from ₹42,436 crore reported in the December-ended quarter.
The miner’s average realisation from e-auction sales stood at ₹2,202 per tonne, lower than ₹2,363 per tonne in the year-ago period, while the overall average price realisation of coal supplied during the quarter fell by ₹23 year-on-year to ₹1,597.85 per tonne, its earnings filing showed.
Its production stood at 239 million tonnes (MT), up about 1% from 237 MT in Q4FY25. Coal offtake, however, fell 2% year-on-year to 199 MT, compared with 202 MT in the corresponding quarter of the previous fiscal. Both metrics, however, improved marginally on a quarter-on-quarter basis.
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