Government mining company Coal India Limited (COAL India) has declared the second interim dividend of ₹ 5.60 per share for the financial year 2024-25. This dividend will be given on equity share with ₹ 10 face value.
The company set a record date for this dividend on 31 January 2025. Investors whose names will be recorded in the company’s records till this date will be paid the dividend. Coal India has announced that the dividend will be paid by 26 February 2025.
Earlier, Coal India released financial results of its third quarter (Q3Fy25). The company’s net profit declined by 17.5% to ₹ 8,491.22 crore on an annual basis. However, compared to the previous quarter (Q2FY25), the company gained 35%.
The announcement of dividend has brought great relief to investors, especially at a time when the company’s annual profits have declined.