New Delhi: Coal India Limited (CIL) has posted a consolidated net profit of Rs 35,302.10 crore in FY2024-25 which is 5.53 percent lower than Rs 37,369.13 crore recorded in the preceding financial year. In the March quarter of FY2024-25, CIL recorded a 12.45 percent rise in net profit at Rs 9,592.53 crore, up from Rs 8,530.39 crore recorded in the corresponding quarter of FY2023-24. On quarter-on-quarter basis as well, CIL has seen a rise on 13 percent in its consolidated net profit.
While revenue from operations for FY25 has dipped by 2.6 percent to settle at Rs 1,26,956.76 crore as opposed to Rs 1,30,325.65 crore in the previous financial year, for the March quarter the revenue has dipped by 1.01 percent at Rs 37,824.54 crore. However, total income for Q4 FY25 is up 3.22 percent at Rs 41,761.76 year-on-year, while the total income for the entire financial year 2024-25 is up 0.07 percent year-on-year at Rs 1,52,838.98 crore.
In an investor presentation, Coal India Limited highlighted that its cost of materials consumed has decreased by 3 percent between FY24 and FY25 on account of reduction in explosive expenses, oil and lubricant expenses.
Coal India’s net sales in FY2024-25 is down 3 percent year-on-year due to a reduction in overall average realisation. The quantity of coal tied up under Fuel Supply Agreements (FSA) decreased by 3.95 MT in FY25 year-on-year, and the per tonne realisation also went down by Rs 22.17 per tonne as the notified price of coal per tonne for FY25 was Rs 1,514.03 as opposed to Rs 1,536.20 in FY24. This dented Coal India’s revenue by Rs 1,478 crore.
CIL offers to coal to thermal power plants under FSA at the notified price and sells coal under the e-auction regime at a premium. The e-auction regime is the only segment where Coal India is able to get good margins on sales. Coal offered under e-auction category went up by 9.01 MT in FY25, however, the per tonne realisation reduced from Rs 3,066.10 in FY24 to Rs 2,541.37 in FY25, leading to a loss in revenue of Rs 4,150 crore. Similarly, even though the quantity of washed coal sold increased from 13.64 MT in FY24 to 15.91 MT in FY25, the per tonne realisation reduced from Rs 4,289.06 in FY24 to Rs 3,740.63 in FY25, leading to a loss in revenue of Rs 873 crore.