Volume outlook remains positive for Coal India

The Q2FY25 revenue for Coal India (CIL) was reported at ₹30,700 crore (down 6 per cent year-on-year or Y-o-Y and 16 per cent sequentially).

- DEVANGSHU DATTA

The blended average selling price was ₹1,622/tonne (down 6 per cent Y-o-Y and 3 per cent quarter-on-quarter or Q-o-Q).

Adjusted operating profit stood at ₹7,200 crore (down 20 per cent Y-o-Y and 38 per cent Q-o-Q) due to lower-than-expected e-auction volumes and higher costs.

The adjusted operating profit/tonne stood at ₹426/tonne (down 17 per cent Y-o-Y and 27 per cent Q-o-Q).

Adjusted net profit came in at ₹6,300 crore (down 22 per cent Y-o-Y and 43 per cent Q-o-Q) due to the weak operating performance and lower other income.

In H1FY25, revenue declined 2 per cent Y-o-Y, while adjusted operating profit and net profit both fell 7 per cent.

The e-auction volume stood at 15 million tonnes or mt (down 5 per cent Y-o-Y and 35 per cent Q-o-Q) with an e-auction premium of 69 per cent (58 per cent premium in Q1FY25).

CIL declared an interim dividend of ₹15.75 per share in Q2.

Volumes were affected by monsoon and profitability by lower e-auction volumes.