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State-owned miner, Coal India Ltd, saw a 52 per cent drop in net profit for the quarter ending March 2018 to Rs 1,295 crore as compared to Rs 2,719 crore in the year-ago period. Total income for Q4 FY18, however, saw an 8.5 per cent year-on-year rise to Rs 28,909 crore.
For the full fiscal, the company’s net profit dropped 24 per cent Y-o-Y to Rs 7,020 crore. Profit in the year-ago period stood at Rs 9,279 crore. Total income during the fiscal stood at Rs 91,926 crore.
During the year, the company declared and paid an interim dividend of Rs 16.50 per equity share of face value of Rs 10 each, amounting to Rs 10,242.24 crore. The board of directors of CIL has decided that such interim dividend already paid be considered as the final dividend. No additional dividend has been declared for FY18, the company said in a notification to the bourses.
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