COAL INDIA will pay dividend of Rs 16 per share in FY21, what is the opinion of brokerages after the results

Coal India’s profit declined marginally by 0.8 percent in the fourth quarter

Coal India Q3 results a¤®a ¥ a¤¨a¤¾a¤ a ¥

COAL INDIA, the world’s largest coal producer, posted strong results in the fourth quarter. Earnings, profit and margin figures were higher than expected due to improvement in realisation. At the same time, in FY21, the company paid a total of Rs 16 as dividend.

In the last quarter of the financial year 2020-21, there has been a marginal decrease of 0.8 percent in the consolidated net profit of CIL. Coal India’s net profit in Q4 stood at Rs 4,588.96 crore as against Rs 4,655.76 crore in the same period last year.

The Board of Directors of Coal India, while releasing the March quarter results, has announced a final dividend of Rs 3.5 per share on a face value of Rs 10 for FY21, thus making the company a total dividend of Rs 16 per share in FY21. .

Coal India’s revenue from operations declined by 3.1 per cent year-on-year in the March quarter. The company’s revenue from operations stood at Rs 26,700 crore in Q4, up from Rs 27,568 crore in the same quarter last year. The company’s total revenue stood at Rs 27,974.12 crore in the March quarter, as against Rs 29,820.97 crore a year ago.



JP MORGAN has an Overweight Rating on COAL INDIA and has a target of Rs.200 for the stock.

Citi’s opinion on COAL INDIA

Citi has a Buy rating on COAL INDIA and has a target of Rs 160 for the stock. He says that the final dividend is a positive sign and the stock is very cheap. On the other hand, the increase in e-auction will reduce the impact of cost escalation. However, Coal India’s performance has been sluggish compared to other commodity stocks.

Facebook us for social media updates ( and Twitter ( to follow.

Show More

Related Articles

Leave a Reply

Back to top button