Coal India Q3 net profit rises 48%; board approves interim dividend of Rs 5

[ad_1]

Table of Contents



State-run Coal India on Monday announced a 48% jump in consolidated net profit at Rs 4,558 crore for the quarter ending December 31, 2021. It reported net profit of Rs 3,085 crore in the year-ago period.


Consolidated revenue from operations rose 20% to Rs 28,434 crore from Rs 23,686 crore in Q3FY21.





The company’s board approved payment of interim dividend of Rs 5 per share.


On Monday, the company’s scrip on BSE closed 3% lower at Rs 161.70.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



[ad_2]

Source link