CIL’s Q1 net almost flat on costs, to pay ₹5.5 dividend
Coal India reported near-flat June-quarter profit and declared an interim dividend of ₹5.50 per equity share.
GS3The HinduGS3Coal India Limited (CIL)Interim dividendMining costs & pricing
What happened (June-end quarter numbers)
Coal India Limited (CIL) reported net profit of ₹8,850 crore for the June-end quarter, increasing by only 0.7% year-on-year. CIL reported expenses of ₹3,260 crore, an increase of 27% year-on-year. CIL declared an interim dividend of ₹5.50 per equity share.
Background and earlier position (why profit stayed nearly flat)
CIL’s net profit stayed nearly flat year-on-year because CIL faced higher costs for mining essentials. The higher cost pressure included higher pricing for explosives and industrial diesel, linked to an elevated pricing environment associated with the West Asia conflict. CIL attempted to absorb these impacts so that net profit did not fall substantially.
What changed now (profit vs cost growth and shareholder payout)
