Coal India Q1 Results: Profit rises 4% YoY to Rs 10,959 cr, beats estimates

State-owned Coal India on Wednesday reported 4% year-on-year growth in its consolidated net profit to Rs 10,959 crore for the quarter ended June 2024. The profit is higher than the ET Now poll estimates of Rs 7,801 crore.

Revenue from operations during the April-June 2024 period was up marginally to Rs 36,465 crore. The same stood at Rs 35,983 crore in the corresponding period of last year.

On a sequential basis, net profit rose 26% from Rs 8,682 crore reported in the preceding March quarter. Meanwhile, revenue fell 3% quarter-on-quarter.


The company reported consolidated EBITDA of Rs 14,339 crore in the reporting quarter, while margins stood at 39.3%.

Total expenses during the quarter increased to Rs 24,287 crore. This compares with Rs 24,113 crore reported in the previous year quarter.

The profit before tax (PBT) rose 6% year-on-year to Rs 14,147 crore in the June quarter as against Rs 13,385 crore in the same quarter of last year.

Operationally, the production of raw coal increased to 189 million tonnes in the first quarter as against 175 million tonnes in the previous-year period. Meanwhile, the offtake too improved to 198 million tonnes in Q1FY25 versus 186 million tonnes in Q1FY24.

On Wednesday, Coal India shares closed 0.6% higher at Rs 522.45 on NSE.