Coal India reports flat year-on-year profit for its June-end quarter, while revenue increases and costs rise. Across the quarter results cited by multiple outlets, the company’s revenue increases by about 7.8% to ₹46,255 crore. The Hindu reports that Coal India’s net profit rises marginally by about 0.7% year-on-year to ₹8,850 crore, which is described as broadly flat as costs increase.
The Hindu adds that costs rise significantly, up about 27% year-on-year, and links part of the cost pressure to impacts associated with West Asia. In addition, Coal India declares an interim dividend. The Hindu specifies an interim dividend of ₹5.5, while NDTV notes that a dividend is declared and points readers to check the record date.
While the outlets present slightly different ways of characterizing profit movement, they agree on the direction of revenue growth, the broadly stable profit outcome, the rise in costs, and the announcement of an interim dividend along with a record date for entitlement.
