Coal India (COALINDIA) Q3 24/25 earnings summary

Executive summary

• Commissioned a 50 MW solar power plant at NCL Nigahi, the largest in the group, in November 2024.

• MoUs signed for coal-to-synthetic natural gas and critical minerals diversification.

• Financial incentives of ₹1,350 crore awarded for each of three coal gasification projects.

• Consolidated revenue from operations for Q3 FY25 was ₹35,779.78 crore, with total income at ₹37,922.98 crore, reflecting strong operational performance year-over-year.

• The Board declared a 2nd interim dividend of ₹5.60 per equity share for FY25, with a record date of January 31, 2025.

Financial highlights

• 9M FY24-25 consolidated net sales at ₹92,800 crore, down 3% year-over-year; total income at ₹1,08,450 crore, down 2%.

• Profit before tax at ₹34,093 crore, down 8%; profit after tax at ₹25,710 crore, down 11% year-over-year.

• Q3 FY25 consolidated profit before tax was ₹11,792.42 crore, up from ₹8,153.37 crore in Q2 FY25 and ₹13,510.06 crore in Q3 FY24.

• Q3 FY25 net profit stood at ₹8,491.22 crore; total comprehensive income at ₹8,580.48 crore.

• EBITDA margin on net sales for 9M FY24-25 at 41.32%.

Outlook and guidance

• Inventory reduced by 19 MT (21%) since March 2024, but up 44% year-over-year.

• Trade receivables increased by ₹5,352 crore since March 2024, with significant increases from key customers.

• The company continues to focus on coal mining and related services, with no separate reportable segments.