Coal India Q1 net profit rises 4%: Here are 10 key points

Coal India

Coal India Limited (CIL) on July 31 reported a four percent increase in consolidated net profit in the first quarter of financial year 2024-25.

State-run CIL’s coal production increased 8 percent year-on-year in the quarter while offtake rose by 6 percent.

Moneycontrol looks at the key highlights from the company’s first quarter results:

-The consolidated net profit of the company came in at Rs 10,943.55 crore for the quarter ended June 30, 2024, from Rs 10,498.39 crore in the year- ago period.

-Coal India’s revenue from operations rose 1.3 percent to Rs 36,465 crore in Q1FY25 from Rs 35,983 crore in the year-ago period.

-The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 8 percent to Rs 16,308.53 crore in the first quarter of this fiscal year, compared to Rs 15,089.87 crore in the year-ago period.

-Total income of the company was up by 2 percent in the quarter at Rs 38,349.21 crore, from Rs 828.18 crore in the same period last year.

-The company’s capex was Rs 3,331.44 crore in the quarter, 3 percent higher compared to Rs 3,244.70 crore spent in the last year.

-The company said raw coal production was at 189.286 million tonnes during the quarter, up from 175.476 million tonnes in the comparable quarter last year.

-Offtake of raw coal stood at 198.5 million tonnes against 186.950 million tonnes in the year-ago quarter.

-As on June 30, the company’s net worth stood at Rs 93,739.37 crore, increasing 13 percent from last year.

-On May 21, Coal India incorporated Bharat Coal Gasification & Chemicals Limited (BCGCL) as a new subsidiary for the coal gasification business.

-CIL started operations of non-coking coal washery with a capacity of 10 MTPA from April 15 at total cost of Rs 398 crore.