Coal India Q1FY24 Results: Consolidated PAT Raise to Rs. 7971.04 Cr

Coal India Q1FY24 Results: Consolidated PAT Raise to Rs. 7971.04 Cr

Coal India Q1 results show revenue fell from 40362.36 crores to 37521.03 crores, a -7.04% decrease in growth. EPS rise from ₹8.98 to ₹12.93, up by 43.99%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Coal India shared its Q1 results on Tuesday. They earned 37521.03 crores in revenue this quarter, but that’s less than the 40362.36 crores they made last quarter. Unfortunately, the company’s growth decreased by -7.04 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 7971.04 crores, up from 5533.23 crores in the previous quarter. Their quarter-to-quarter growth increased by 44.06 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹12.93, which is an increase of 43.99% from the ₹8.98 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 37521.03 crores this year (2023), which is 3.97 percent higher than last year’s total revenue of 36086.68 crores.

This year’s PAT (Profit After Tax) is 7971.04 crores, which is also -9.76% lower than last year’s PAT of 8832.86 crores.

The EPS (Earnings Per Share) for this year is ₹12.93, which is -9.77% less than the EPS of ₹14.33 earned last year.

Also Read: Aarti Industries Q1FY24 Results: Consolidated PAT Down to Rs. 70 Cr

Coal India Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Coal India:

Coal India Limited, an Indian government-owned enterprise overseen by the Ministry of Coal, Government of India, operates as a central public sector undertaking. With its headquarters situated in Kolkata, it holds the distinction of being the world’s largest producer of government-owned coal. Notably, it stands as the seventh-largest employer in India, boasting a workforce of approximately 272,000 individuals.

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