Coal India announced Q4FY24 & FY24 results:
- Revenue From Operations: Revenue surged to Rs 1,42,324 crore in FY24, a rise of 3% from Rs 1,38,252 crore in FY23.
- EBITDA: EBITDA for FY24 went up to Rs 51,793 crore, an increase of 8.5% in comparison to Rs 47,723 crore in the previous fiscal year.
- Profit After Tax (PAT): Coal India Limited recorded a consolidated PAT of Rs 8,640 crore in Q4FY24, marking a substantial increase of 25.8% compared to Rs 6,869 crore in the same quarter of the previous fiscal year. The annual PAT for the FY24 reached Rs 37,369 crore, a significant year-on-year growth of 17.8%, representing a real-term increase of Rs 5,646 crore over the previous fiscal year's PAT of Rs 31,723 crore.
- Profit Before Tax (PBT): The company registered a PBT of Rs 11,430 crore during Q4FY24, showing a growth of 19.4% from Rs 9,569 crore in the comparable period of the previous fiscal. The full-year PBT for FY24 climbed to Rs 48,813 crore, a 12.8% rise from FY23's PBT of Rs 43,275 crore, an uptick by Rs 5,538 crore.
- Final Dividend: A final dividend of Rs 5 per share has been proposed for FY24, subject to shareholder approval at the upcoming annual general meeting. This follows the interim dividend of Rs 20.50 per share already paid, bringing the total dividend for the fiscal to Rs 25.50 per share, which is 255% of the face value of a single share.
- Coal Supply: Coal supplies increased to 201.6 million tonnes (MTs) in Q4FY24, an increase of 8% over 186.9 MTs in the corresponding quarter of the previous year.
- Coal Production: The company produced 241.75 MTs of coal in Q4FY24, achieving a growth of 7.8% over the base of 224.16 MTs during Q4FY23.