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Coal India Q2 Results: Consolidated internet drops 16% YoY; board approves interim dividend

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NEW DELHI: Coal India on Wednesday posted 16.31 per cent year-on-year (YoY) fall in consolidated internet revenue at Rs 2,948.12 crore for the quarter ended September 30. It had reported a revenue of Rs 3,522.70 crore for the corresponding quarter final 12 months.

The board additionally authorised an interim dividend of Rs 7.50 per share.

Coal India’s consolidated income from operations elevated by 3.78 per cent YoY to Rs 21,153.07 crore. On the opposite hand, complete expenditure of the corporate elevated to Rs 18,177.82 crore from Rs 17,734.44 crore. Offtake of uncooked coal elevated 9.41 per cent YoY to 133.96 million tonnes, whereas manufacturing jumped by 10.56 per cent YoY to 114.98 million tonnes.

Coal India introduced its outcomes submit market hours. Earlier within the day, shares of the corporate closed 0.92 per cent up at Rs 125.90. On the opposite hand, the benchmark BSE Sensex settled 0.73 per cent up at round 43,594.

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