Coal India Share Price in Focus; Interim Dividend Record Date is Today, November 5

On November 5, 2024, Coal India Limited is gaining spotlight in the stock market. Coal India share price opened at ₹429.10, slightly down from the previous close of ₹443.30. By 9:53 AM, the stock saw a minor uptick, trading at ₹429.20, reflecting a 0.39% increase. This fluctuation in share price is particularly noteworthy as today marks the stock’s ex-dividend date.

Dividend Declaration

Coal India has declared its first interim dividend for the financial year 2024-25 at ₹15.75 per share, based on a face value of ₹10 per share. The Board of Directors recommended this dividend following consultations with the Audit Committee. The Record Date for this dividend is set for today, November 5, 2024, which means shareholders on record as of this date will be eligible to receive the payment. The company plans to disburse the dividend by November 24, 2024.

Production and Financial Performance

In terms of production, Coal India reported a raw coal output of 152.06 million tonnes for the quarter ending September 30, 2024, a decline from 157.43 million tonnes in the same quarter last year. Similarly, the off-take of raw coal also fell, recorded at 167.71 million tonnes, down from 173.73 million tonnes year-on-year.

Financially, the company reported net sales of ₹27,271.30 crore for the quarter ended September 30, 2024, compared to ₹29,978.01 crore for the corresponding period in the previous year. The profit before other comprehensive income (OCI) stood at ₹6,274.80 crore, down from ₹8,048.64 crore a year earlier.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.