InvestorQ : How were the Coal India numbers for the March 2022 quarter?
Rutuja Nigam made post

How were the Coal India numbers for the March 2022 quarter?

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2 months ago
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Coal India Ltd (CIL) recorded growth of 45.9% in net profit at for the fourth quarter ended March 2022 at Rs6,693 crore. For the quarter Q4FY22, the sales revenues of Coal India Ltd were up 22.5% at Rs32,707 crore. There was a pick-up in volumes and also a pick-up in the price of coal which allowed Coal India to post better numbers for the quarter. For the March 2022 quarter, Coal India Ltd increased its output by 2.74% to 209 million tonnes.

For the full year FY22, coal production was recorded at a level of 622.63 MT. Incidentally, Coal India currently accounts for close to 80% of the total coal output in India. Of the balance, Singareni Collieries contributes another 8-10% with the rest of the coal output coming from captive mines of various cement, aluminium and steel manufacturers. Coal India board has recommended final dividend at Rs3 per share for FY22. This dividend is subject to the approval of shareholders.
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