Coal India (COALINDIA) Q2 24/25 earnings summary

Executive summary

• Q2 FY25 consolidated revenue from operations was ₹30,672.88 crore, down from ₹36,464.61 crore in Q1 FY25 and ₹29,978.01 crore in Q2 FY24.

• Q2 FY25 net profit was ₹8,048.64 crore, compared to ₹17,218.35 crore in Q1 FY25 and ₹18,547.03 crore in Q2 FY24 (restated for stripping activity adjustment).

• H1 FY25 net sales were ₹60,441.4 crore, down from ₹63,050.7 crore in H1 FY24.

• The Board declared a first interim dividend of ₹15.75 per share for FY25, with a record date of November 5, 2024.

• H1 profit before tax was ₹22,300.6 crore, compared to ₹23,721.0 crore year-over-year.

Financial highlights

• Total income for Q2 FY25 was ₹32,177.92 crore, down from ₹38,349.21 crore in Q1 FY25 and ₹31,861.90 crore in Q2 FY24.

• EBITDA for H1 FY25 was ₹22,078.04 crore, compared to ₹23,654.24 crore in H1 FY24.

• Q2 raw coal production was 152.06 MT, down from 157.43 MT year-over-year; offtake was 167.71 MT, down from 173.73 MT.

• H1 raw coal production increased to 341.35 MT from 332.90 MT; offtake rose to 366.21 MT from 360.68 MT.

• Cash and cash equivalents as of September 30, 2024, stood at ₹10,681.99 crore (consolidated).

Segment performance

• Q2 FSA sales volume was 148.20 MT with average realization ₹1,462.51/ton, down from 154.65 MT and ₹1,541.75/ton year-over-year.

• Q2 e-auction sales volume was 15.09 MT with average realization ₹2,471.02/ton, down from 15.81 MT and ₹2,838.14/ton.

• H1 FSA sales volume was 320.62 MT with average realization ₹1,495.66/ton, down from 322.17 MT and ₹1,538.86/ton.

• H1 e-auction sales volume was 38.28 MT with average realization ₹2,434.63/ton, down from 31.91 MT and ₹3,293.64/ton.