Today on October 28, 2024, Coal India share price is in focus after the company announced its unaudited financial results for the second quarter and the first half of the fiscal year 2024-25, which ended on September 30, 2024.
The company reported a total income of ₹32,177.92 crore for Q2 FY25, a decrease compared to ₹34,760.30 crore in Q2 FY24. For the first half of FY25, total income was ₹70,527.13 crore, down from ₹72,281.33 crore in H1 FY24.
Profit figures also reflected a downturn, with Coal India posting a profit of ₹6,274.80 crore in Q2 FY25, down from ₹8,048.64 crore in the same quarter last year. For H1 FY25, profit amounted to ₹17,218.35 crore, compared to ₹18,547.03 crore in H1 FY24.
Despite the dip in financial results, Coal India has reported a 10% increase in coal output, reaching 773.6 million tonnes for the 2023-24 fiscal year. However, this production fell short of the company’s target of 780 million tonnes. In the previous fiscal year, the PSU produced 703.2 million tonnes of coal, reflecting a significant year-on-year improvement.
Furthermore, Coal India’s Board of Directors declared its first interim dividend for the financial year 2024-25 at ₹15.75 per share, with a face value of ₹10. The record date for this dividend has been set for Tuesday, November 5, 2024, and shareholders can expect payment by November 24, 2024.
On October 28, 2024, Coal India share price opened at ₹452.00, down from its previous close of ₹461.10. At 10:42 AM, the share price of Coal India was trading at ₹446.95, down by 3.07%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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