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Coal India's Q2 net profit fell 30% year-on-year to 43.54 billion rupees due to lower demand, prices, and sales, missing estimates.
Coal India reported a 30% year-on-year drop in second-quarter net profit to 43.54 billion rupees, missing estimates, due to weaker demand, lower coal prices, reduced sales volumes, and rising costs.
Revenue fell 3.2% to 301.87 billion rupees as power plants drew down record inventories and cut purchases.
The company, India’s largest coal producer, saw declining off-take and stagnant growth for two consecutive quarters, with shares dropping over 2%.
Despite the profit decline, Coal India announced a second interim dividend of 10.25 rupees per share for FY2025-26.
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El beneficio neto del segundo trimestre de Coal India cayó un 30% interanual a 43.540 millones de rupias debido a la menor demanda, precios y ventas, y a las estimaciones perdidas.