CIL net profit falls 23% in FY21, board recommends final dividend of Rs 3.50/share

by Jeremy
Besides, the CIL board recommended a final dividend of Rs 3.50 per share.

PSU miner Coal India Ltd’s (CIL’s) net profit fell 23% to Rs 12,702 crore on a total income of Rs 93,818 crore for FY 21, while net profit for the fourth quarter of the fiscal under review fell a tad to Rs 4,588 crore. CIL booked a net profit of Rs 16700 crore on a total income of Rs 1,02525 crore in FY 20. The company posted a net profit of Rs 2,474.55 crore for the fourth quarter, while the total comprehensive income for the quarter was Rs 4,365 crore.

CIL net profit falls 23% in FY21, board recommends final dividend of Rs 3.50/share

A CIL official said that the results are an outcome of all possible factors arising out of the Covid-19 pandemic.

Sales revenue in FY21 was down 7.45% at Rs 82,710 crore compared with Rs 89 373 crores in FY20 as both production and offtakes were down by 6 MT and 7 MT at 596 MT and 574 MT, respectively, compared with FY20.

Besides, the CIL board recommended a final dividend of Rs 3.50 per share.

The interim dividends resulted in an outgo of Rs 4,622 crore and Rs 3,081.37 crore, respectively. An interim dividend of Rs 7,395 crore was paid in FY20 at the rate of Rs 12 per share.

The company reported an average per tonne price realization of Rs 1,391.73 from FSA supplies, while e-auction price realization was Rs 1,752.03 per tonne.

The earnings per share for the fiscal dropped to Es 12.40 from Es 18.31 in the earlier fiscal. The fourth quarter of the fiscal under review fell to Rs 4.20 from a level of Es 17.25 during the corresponding period a year ago.

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