The Hindu·3 min read·medium
Coal India’s Q1 net profit stays flat as costs rise 27% amid West Asia impact; declares ₹5.5 interim dividend
T
The Hindu Bureau
✦AI Summary
Coal India reported flat net profit for the first quarter as rising operational costs, driven by the West Asia conflict, offset revenue growth. The company declared an interim dividend of ₹5.50 per share.
State-owned miner Coal India’s net profit in the June-end quarter stayed nearly flat year-on-year (YoY) as cost of explosives and industrial diesel, among other essentials required for mining, cumulatively rose double-digit amid the West Asia conflict, even as it sought to absorb the impact of the elevated pricing.
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