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

Moreover, the CIL board advisable a last dividend of Rs 3.50 per share.

PSU miner Coal India Ltd’s (CIL’s) web revenue fell 23% to Rs 12,702 crore on a complete revenue of Rs 93,818 crore for FY 21, whereas web revenue for the fourth quarter of the fiscal below overview fell a tad to Rs 4,588 crore. CIL booked a web revenue of Rs 16700 crore on a complete revenue of Rs 1,02525 crore in FY 20.

The corporate posted a web revenue of Rs 2,474.55 crore for the fourth quarter, whereas whole complete revenue for the quarter was at Rs 4,365 crore.

The outcomes are an final result of all attainable elements arising out of the Covid-19 pandemic, a CIL official stated.

Gross sales income in FY21 was down 7.45% at Rs 82,710 crore in contrast with Rs 89, 373 crore in FY20 as each manufacturing and offtakes have been down by 6 MT and seven MT at 596 MT and 574 MT, respectively, in contrast with FY20.

Moreover, the CIL board advisable a last 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 on the charge of Rs 12 per share.

The corporate reported a median per tonne value realisation of Rs 1,391.73 from FSA provides, whereas e-auction value realisation was Rs 1,752.03 per tonne.

The earnings per share for the fiscal dropped to Es 12.40 from Es 18.31 within the earlier fiscal. For the fourth quarter of the fiscal below overview, it dropped to Rs 4.20 from a stage of Es 17.25 in the course of the corresponding interval a yr in the past.