Coal India Q4 results 2024 Detailed Analysis
During the March quarter, Coal India Ltd (CIL) experienced a notable surge in its consolidated net profit, marking a substantial 26.2% increase to Rs 8,682.20 crore compared to the previous year’s Rs 6,875.07 crore. This boost in profitability was attributed to higher supplies of coal, the primary commodity in which the company deals. Despite this positive development, CIL’s consolidated income showed a slight decline, falling from Rs 40,371.51 crore in the corresponding period last year to Rs 39,654.50 crore.
In a regulatory filing, CIL announced its impressive performance, highlighting a solid 25.8% growth in profit after tax (PAT) to Rs 8,640 crore for the fourth quarter of FY24, compared to Rs 6,869 crore in the preceding fiscal year. This upward trend in profitability was a testament to the company’s effective operational strategies and management practices, contributing to its sustained financial health.
For the entirety of fiscal year 2023-24, CIL’s PAT reached a commendable Rs 37,369 crore, marking a significant 17.8% year-on-year increase from the previous fiscal year’s figure of Rs 31,723 crore. This substantial growth underscored the company’s resilience and adaptability in navigating market challenges and capitalizing on emerging opportunities within the coal sector.
In addition to its financial achievements, CIL also demonstrated its commitment to shareholders by recommending a final dividend of Rs 5 per share for the financial year ended March 2024. This dividend, when combined with the interim dividend of Rs 20.50 per share already paid earlier in the fiscal year, brought the total dividend for the year to Rs 25.50 per share. Such shareholder-friendly initiatives further solidified investor confidence in the company’s performance and outlook.
Furthermore, CIL’s contribution to the government exchequer during the fiscal year amounted to an impressive Rs 60,140 crore. This contribution, comprising both central and state revenues, underscored the company’s significant role in supporting the fiscal health of the nation and its various administrative units.
The fourth quarter of FY24 saw a notable increase in both coal supplies and production for CIL. Coal supplies reached 201.6 million tonnes (MT), marking an 8% increase from the corresponding quarter in the previous fiscal year. Similarly, coal production surged to 241.75 MT, representing a robust 7.8% growth compared to the same quarter in the preceding fiscal year. These figures highlighted CIL’s pivotal role as the primary contributor to India’s domestic coal production, commanding over 80% of the market share.
In summary, CIL’s financial performance in the March quarter and throughout fiscal year 2023-24 showcased its resilience, efficiency, and strategic foresight in navigating market dynamics and delivering value to stakeholders. As a cornerstone of India’s energy landscape, CIL continues to play a vital role in fueling the nation’s growth and development while upholding its commitment to operational excellence and shareholder value creation.
Coal India Q4 Results 2024 In Table Format
Here’s a table summarizing the key financial and operational data for Coal India Ltd (CIL) for the March quarter and fiscal year 2023-24:
| Metric | March Quarter FY24 | Fiscal Year 2023-24 |
|---|---|---|
| Consolidated Net Profit (in Rs crore) | Rs 8,682.20 | Rs 37,369.00 |
| % Change in Net Profit | +26.2% | +17.8% |
| Consolidated Income (in Rs crore) | Rs 39,654.50 | N/A |
| Profit After Tax (PAT) for Q4 (in Rs crore) | Rs 8,640.00 | N/A |
| % Change in PAT | +25.8% | N/A |
| Final Dividend per Share (in Rs) | Rs 5.00 | N/A |
| Total Dividend per Share (for FY24) | Rs 25.50 | N/A |
| Coal Supplies (in million tonnes) | 201.6 MT | N/A |
| % Change in Coal Supplies | +8% | N/A |
| Coal Production (in million tonnes) | 241.75 MT | N/A |
| % Change in Coal Production | +7.8% | N/A |
| Contribution to Government Exchequer (in Rs crore) | N/A | Rs 60,140.00 |
Coal India Q4 results 2024 And Dividend
Coal India, the state-owned coal mining giant, announced Dividend of 5rs Per Share
Coal India dividend history
| Purpose | Rs (INR) | Ex-date |
|---|---|---|
| Interim Dividend | 5.25 | 20-Feb-24 |
| Interim Dividend | 15.25 | 21-Nov-23 |
| Final Dividend | 4 | 18-Aug-23 |
| Interim Dividend | 5.25 | 8-Feb-23 |
| Interim Dividend | 15 | 15-Nov-22 |
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