Coal India posted its Q4 FY22 results on May 25, 2022. The company’s profit for the period was up by 47.3% QoQ (Quarter on Quarter) to Rs 6,715 crore in the quarter under review from Rs 4,556 crore in the previous quarter. On a YoY (Year on Year) basis, the profit for the period was up by 46.3% to Rs 6,715 crore from Rs 4,588 crore in the year ago period.
Coal India’s revenue from operations came in at Rs 32,706 crore in Q4 FY22, up 15% QoQ from Rs 28,433 crore in Q3 FY22. The revenue from operations was up 22.4% YoY to Rs 32,706 crore for the quarter under review from Rs 26,700 crore in the corresponding quarter in the previous financial year.
Coal India’s revenue from sales was significantly up in the January- March 2022 quarter both on sequential and YoY basis. Even with a considerable jump in sales, the company managed to keep a check on its expenses which were only up 10.4% QoQ and 17% YoY.
The company’s Board of Directors recommended a dividend payout of Rs 3 per equity share for FY22, subject to the shareholders’ approval. The company has paid an interim dividend of Rs 9 per equity share and Rs 5 per equity share in December, 2021 and March 2022 respectively.
Coal India’s scrip closed in the red at Rs 180.70, after taking a 0.90% dip at the end of the intraday trading session on May 25, 2022, ahead of the company’s quarterly results.
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Research Analyst: Bavadharini KS