Coal India Limited Q4 Net Profit: Coal India earned huge profit, know how many thousand crores it earned
Coal India Limited Q4 Net Profit: Government company Coal India Limited released the results of Q4FY24 i.e. the fourth quarter of the financial year 2024. The company’s consolidated net profit increased 26% year-on-year (YoY) in the January-March quarter. The consolidated net profit of the company in the same quarter last year was Rs 6,869.5 crore. Whereas in the previous quarter (Q3FY24) it was ₹10,154.68 crore. That means there has been a decline of 14.91% in the consolidated net profit of the company on quarterly basis (QoQ).
The company declared a dividend of Rs 5
Along with the results, the board of directors of Coal India has also approved giving a dividend of Rs 5 per share to its investors. Companies give some part of the profits to their shareholders, this is called dividend.
Company’s revenue declined by 2% to ₹37,410 crore
The company’s consolidated revenue (income) from operations declined 2% year-on-year to Rs 37,410.39 crore in the fourth quarter. It was Rs 38,152.34 crore in the same period of the last financial year.
The company’s consolidated revenue in the last quarter (Q3FY24) was ₹36,153.97 crore. That means the company’s revenue has increased by 3.47 percent on a quarterly basis (QoQ).
17.79% increase in profits in the entire financial year
An increase of 17.79% was recorded in the consolidated profit of the company in the entire financial year. The consolidated profit of the company in FY24 stood at Rs 37,369.13 crore. In the last financial year i.e. FY23, the profit of Coal India was Rs 31,722.98 crore.
