The results for the December quarter have been released by Coal India, the country’s largest government coal company. There has been a 17.8 percent jump in the company’s profits in the third quarter. Due to this, the company’s profit has increased to Rs 9,093.69 crore, which was Rs 7,719 crore in the same quarter last year.
Coal India informed the stock market that the company has recorded the highest profit in the third quarter. The company’s income in the December quarter was Rs 38,357 crore, which was Rs 36,754 crore in the same period a year ago.
Coal India’s total coal supply through fuel supply agreements (FSAs) during the October-December quarter of 2023-24 was 172.3 million tonnes (MT) and the average realization per tonne from FSA sales was Rs 1,531.98 per tonne. The company informed that Coal India’s coal production was 199 metric tons, which was 180 metric tons a year ago.
Company announced dividend
Coal India informed that the second interim dividend of Rs 5.25 has been declared by the board. In such a situation, all the investors who will have Coal India shares in their accounts. Dividend of Rs 5.25 per share will be given directly to their bank account by the company.
Coal India share
Coal India shares are witnessing tremendous growth in Tuesday’s trading session. The stock is trading at Rs 455 per share with a rise of 5 percent. Coal India shares have gained 18.30 percent in the last one month. At the same time, the stock has given a return of 113.47 percent in one year.
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