Coal India Q4 FY25: Profit up 12%, ₹5.15 dividend

What Coal India reported and why it matters

Coal India Ltd (CIL), the state-owned Maharatna miner, reported its financial results for the quarter ended March 31, 2025 (Q4 FY25) with a year-on-year rise in profit but a marginal decline in revenue. The company’s board also recommended a final dividend for FY25, taking the year’s total payout higher than the previous fiscal, as per the figures shared in the report. For investors, the combination of higher quarterly profit and a fresh dividend announcement was a key focus, especially as operational indicators like quarterly coal excavation were slightly lower year-on-year. The results also arrived against the backdrop of Coal India’s role as the country’s dominant coal producer, accounting for over 80% of domestic output, as stated in the update.

Q4 FY25 financial performance: profit up, revenue marginally lower

For Q4 FY25, Coal India reported revenue from operations of ₹37,824.54 crore, slightly lower than ₹38,213.48 crore in Q4 FY24. Profit after tax (PAT) for the quarter came in at ₹9,592.53 crore, up 12% from ₹8,530.39 crore in the corresponding quarter last year. The company also reported profit before tax (PBT) of ₹12,873.19 crore for Q4, an 11% year-on-year increase from ₹11,581.57 crore. Separately, the update also cited total income of ₹41,761.76 crore for the January to March period, compared with ₹40,457.59 crore a year ago.

Dividend announcement: ₹5.15 final dividend, total payout cited at ₹26.50

Coal India’s board recommended a final dividend of ₹5.15 per share for FY25 (face value ₹10), subject to shareholder approval at the Annual General Meeting (AGM). The company said the dividend would be paid within 30 days from the date of declaration at the AGM, and the record date would be announced later. The final dividend is in addition to the interim dividend of ₹21.35 per share paid earlier for FY25. The update stated that this results in a total dividend of ₹26.50 per share for FY25, and that the total dividend is higher by ₹1 per share compared with FY24’s ₹25.50 per share.

Operations in Q4: coal excavation down, OB removal up

Operationally, Coal India reported quarterly coal excavation (raw coal production) of 237.69 million tonnes (MT) in Q4 FY25, compared with 241.76 MT in Q4 FY24, a 1.7% decline. Overburden (OB) removal during the quarter rose to 576.36 million cubic metres, up 3% from 558.75 million cubic metres. The update also cited quarterly coal offtake of 201.38 MT, described as nearly flat year-on-year.

Full-year FY25 numbers: revenue and PAT lower year-on-year

For the full financial year FY25, Coal India reported revenue from operations of ₹143,368.92 crore, marginally lower than ₹144,762.42 crore in FY24. Full-year PAT was reported at ₹35,302.10 crore in FY25 versus ₹37,369.13 crore in FY24. PBT for FY25 stood at ₹46,966.19 crore, compared with ₹48,812.61 crore in the previous year. The update also said EBITDA rose to ₹51,640 crore in FY25, representing 41% of net sales, versus 40% in FY24.

Production, offtake and targets: FY25 delivery versus expectations

For FY25, Coal India achieved coal production of 781.05 MT, marking 1% growth over 773.65 MT in the previous year, as per the operational summary included in the report. Full-year offtake was reported at 763.06 MT, up 1% over 753.51 MT, while OB removal rose 3% to 2,018.20 million cubic metres from 1,964.14 million cubic metres. The update also stated that FY25 production was nearly 7% below the company’s target of 838 MT. Looking ahead, Coal India said it is targeting coal production of 875 MT and offtake of 900 MT in FY26.

Capex and government contribution

Coal India’s capital expenditure for FY25 was reported at ₹19,410.02 crore, down from ₹23,475.41 crore in FY24. The company’s contribution to the government exchequer in FY25 was stated at ₹60,959.52 crore, compared with ₹60,197.80 crore in FY24. The update also mentioned that a facility had delivered ₹314 crore in additional revenue, linking it to infrastructure modernisation.

Market reaction: shares higher after results

The update cited a positive reaction in Coal India’s share price after the results and dividend announcement. It stated the stock closed 1.6% higher at ₹384.20 on the NSE post-results. Another data point in the same update said Coal India shares ended at ₹383.80 on the BSE, up 1.44% from the previous close of ₹378.35, with the stock trading between ₹370.90 and ₹387.10 during that session.

Valuation snapshot cited in the update

A separate snapshot in the update listed Coal India’s market metrics as: market capitalisation of ₹277,600 crore, current price of ₹450, and a 52-week high/low of ₹476/₹350. It also listed P/E at 9.30, book value at ₹171, dividend yield at 5.88%, ROCE at 48.0% and ROE at 38.9%. These figures were presented as a market data summary alongside the results coverage.

Other development: preferred bidder for graphite block

Beyond the quarter, the update also said Coal India has been selected as the preferred bidder for the Khattali Chotti graphite block in Madhya Pradesh. It described this as India’s first critical mineral asset to be awarded, positioning it as an expansion into the critical minerals segment.

Key numbers at a glance

Conclusion

Coal India’s Q4 FY25 results combined higher year-on-year profit with a slight dip in revenue from operations, while the board recommended a ₹5.15 final dividend for FY25. Operationally, quarterly excavation eased, but OB removal increased, and the company reiterated forward targets for FY26 production and offtake. The next formal milestone for shareholders will be the AGM, where the final dividend is subject to approval, followed by the record date announcement and payout timeline outlined by the company.