New Delhi: India’s largest, state-run coal miner Coal India Limited (CIL), posted a 4.24 percent rise in consolidated net profit year-on-year at Rs 10,943.55 crore for Q1 of FY2024-25. In the June quarter of the previous fiscal, CIL had recorded net profit of Rs 10,498.39 crore. On quarter-on-quarter basis, Coal India improved its net profit by 26.7 percent. CIL’s standalone profit for the June quarter of the current fiscal was Rs 87.46 crore, which was 90.5 percent lower than Rs 918.02 crore recorded in the June quarter of the previous fiscal. In the preceding March quarter of FY2023-24, CIL had recorded a standalone net profit of Rs 3,136.22 crore. Therefore on quarter-on-quarter basis, Coal India’s net profit recorded an even bigger decline of 97.2 percent.
Most coal mines are owned and operated by Coal India’s subsidiaries, therefore, its standalone performance cannot be judged on financial parameters. For instance, Coal India’s standalone production of coal in Q1 FY25 was 0.053 Million Tonnes (MT), while the consolidated coal production for the quarter was 189.286 MT. Coal India primarily makes revenue through the sale of coal.
At Rs 36,464.61 crore, Coal India’s consolidated total revenue was up 1.33 percent in Q1 of FY25. On quarter-on-quarter basis, however the consolidated revenue was down 2.5 percent. CIL recorded total income of Rs 35,349.21 crore and Profit before Tax (PBT) of Rs 14,147.21 crore in Q1 of FY25.
Coal India’s consolidated Earnings per Share (EPS) went up from 17.08 percent in Q1 FY24 to 17.78 percent in Q1 FY25.
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