Stock Report

Coal India's PAT up 18% Y-o-Y to Rs. 9,094 Crs in Q3 FY 2024

Posted On : 2024-02-12 23:11:02( TIMEZONE : IST )

Powered by positive performance, Coal India's (CIL) consolidated profit after tax (PAT) rose sharply to an all-time high of Rs. 9,094 Crores during the third quarter ending December 2023, of FY 2024, posting a robust 18% year-on-year growth. This was the highest PAT earning during the third quarter of any year since the company's listing. In absolute volume the PAT jumped by Rs.1,375 Crores compared to Rs. 7,719 Crores of October-December 2022 period.

Consolidated revenue from operations during Q3 FY 2024 went up to Rs. 36,154 Crores marking a 3% growth over Rs.35,169 Crore of corresponding period previous fiscal.

The company's Board which met in CIL's headquarters on 12 February has given it nod for a second interim dividend, for FY 2024, of Rs. 5.25 per share, that is, 52.5% of the face value. With this, the total interim dividend for FY 2024 stands at Rs.20.50 per share or 205 % of face value.

The profit before tax during the third quarter under review also surged to an all-time high to Rs.12,375 Crores posting a double digit growth of 17% or an increase of Rs.1,781 Crores. PBT was Rs.10,594 Crores, year ago same period.

The Board has also cleared the decks for the appointment of Mr. Mukesh Agrawal as Chief Finance Officer (CFO), CIL with effect from13th February 2024. Mr. Agrawal took over as Director (Finance) of the coal mining monolith on 8th February.

CIL's coal output of 199 MT in Q3 FY 2024 posted around 11% y-o-y growth against the 180.06 MTs. Coal supplies were up by 9% to 191.30 MT during the quarter against 175.8 MT of last fiscal's third quarter.

Market Capitalization, stood at Rs.2,31,719 Crores at the closure of December FY 2024. EBITDA or earnings before interest, tax, depreciation and amortization, which reflects a measure of profitability to net income climbed to Rs.32,451 Crores, up by Rs. 453 Crores, during the nine months ended December of FY 2024. Comparatively the same was Rs.31,998 Crores during April-December of FY 2023.

Evincing strong financial buoyancy, PAT and PBT for the nine-month period ending December of 2024 also reached their respective record highs for this period.

PAT at Rs.23,849 Crores during April-December 2023 witnessed a jump of 6% over the year growth compared to Rs.22,597 Crores. Whereas, PBT logged 5% growth, scaling up to Rs.31,937 Crores during this period. The same was Rs.30,359 Crore in the corresponding period of the previous year.

Shares of Coal India Limited was last trading in BSE at Rs. 433.05 as compared to the previous close of Rs. 455.70. The total number of shares traded during the day was 576265 in over 9623 trades.

The stock hit an intraday high of Rs. 459.95 and intraday low of 430.35. The net turnover during the day was Rs. 253941043.00.