Coal India released fourth quarter results, profit of Rs 4589 crore

Coal India Limited

Coal India Limited

Coal India Limited’s consolidated net profit fell 0.8 percent to Rs 4,588.96 crore in the fourth quarter ended March 2021.

New Delhi. The world’s largest coal mining company Coal India Limited (CIL) has released the fourth quarter results on Monday. The company’s consolidated net profit fell 0.8 per cent to Rs 4,588.96 crore in the fourth quarter ended March 2021.

Coal India Limited said in a statement that the company had a profit of Rs 4,655.76 crore in the same period last year. In a regulatory filing, Coal India Limited said that the company’s board has approved a final dividend of Rs 3.50 per equity share on a face value share of Rs 10 for the financial year 2020-21.

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The company’s total revenue stood at Rs 27,974.12 crore in the March quarter, as against Rs 29,820.97 crore a year ago. The company’s consolidated sales fell to Rs 29,820.97 crore in the March quarter from Rs 25,597.43 crore in the year-ago period. However, the company’s expenditure declined in Q4 to Rs 21,565.15 crore from Rs 22,373.046 crore in Q4 of FY20. In terms of production, the company’s coal production in Q4 of FY21 declined year-on-year to 203.42 million tonnes, while Last year it was 213.71 million tonnes. At the same time, coal production has increased on a quarterly basis. The company’s coal production stood at 164.89 million tonnes in the December quarter.

The company’s total capital expenditure in FY21 stood at Rs 13,115 crore, a 109% increase in its capex over the previous year. Capex stood at Rs 6270 crore in FY20. Coal India shares closed at Rs 159.20, down 2.12% in the stock market today.

(with input from moneycontrol)

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