Coal India Ltd Sees Profit Surge Amidst Production Challenges
State-owned Coal India Ltd reported a 12% rise in net profit for Q4 of FY2024-25, reaching Rs 9,604.02 crore, despite missing its coal production target. The company plans to boost production and offtake significantly in the next fiscal year.
- Country:
- India
State-owned behemoth Coal India Ltd has announced a robust 12% increase in its consolidated net profit, reaching Rs 9,604.02 crore for the quarter ending March 2025. This positive result is attributed to higher total income, which climbed to Rs 41,761.76 crore from the previous year's Rs 40,457.59 crore, though the company's expenses also rose marginally.
Despite the profit surge, Coal India's production figures in April remained stagnant at 62.1 million tonnes compared to the previous year. Overall, the company, responsible for over 80% of India's coal output, fell short of its 2024-25 production target, achieving 781.1 million tonnes against a goal of 838 million tonnes.
Looking forward, Coal India Ltd is ambitiously targeting a coal production of 875 million tonnes and an offtake of 900 million tonnes for the fiscal year 2025-26, aiming to strengthen its position in the energy sector amidst evolving market conditions.
(With inputs from agencies.)
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