Coal India's Profit Soars in Q4

Coal India, the state-run coal miner, reported a 26% increase in its consolidated net profit to Rs 8,640.45 crore for the fourth quarter of the last fiscal year. This surge was fueled by a decrease in total expenses, which fell by 8.34% year-on-year. Despite a slight decline in revenue from operations, the company's coal production and offtake saw significant growth during the period. Additionally, the board recommended a final dividend of Rs 5 per share for the financial year, adding to the interim dividend already paid earlier. Overall, Coal India's financial performance in Q4 reflects a strong upward trend, showcasing its resilience in the face of challenges.