State-owned miner Coal India Ltd reported a 16 per cent year-on-year decline in consolidated net profit to ₹7,166 crore for the third quarter. The fall in profit was attributed to lower realisations and higher operational costs, even as production and offtake remained broadly stable during the period.
Revenue for the quarter also saw pressure amid softer coal prices and moderation in demand from certain consuming sectors. Despite the decline in profitability, the company maintained a strong balance sheet and healthy cash flows.
Alongside the results, Coal India’s board declared an interim dividend of ₹5.5 per equity share, reflecting its continued focus on shareholder returns. The dividend announcement comes even as the company continues to invest in capacity expansion, evacuation infrastructure, and diversification initiatives, including coal gasification and renewable energy projects.