Coal India Q3 Results: Government Coal Mining Company Coal India Limited has released the results of the third quarter (Q3Fy25) of the current financial year. In the December quarter, the company’s annual (YOY) net profit declined by 17.5% to ₹ 8,491.22 crore, compared to ₹ 10,291.71 crore in the same quarter last year.
However, the company witnessed a 35% increase in profits against the previous quarter (Q2FY25). Coal India had a profit of ₹ 6,274.80 crore in the second quarter.
Declaration of dividend
The Board of Directors of Coal India declared the second interim dividend ₹ 5.60 per share for the financial year 2024-25 in the meeting held on Monday, January 27, 2025. This dividend will be given on equity share with ₹ 10 face value. The company has set a record date for this dividend on 31 January 2025. This dividend will be paid to investors by 26 February 2025.
Overall, Coal India’s profits have decreased on an annual basis, but it has seen improvements on a quarterly basis. The company’s position has improved compared to the second quarter. Also, shareholders will benefit from the declaration of dividend.