“Coal India’s third-quarter results surpassed what experts expected in every aspect! They produced 11% more raw coal compared to last year, reaching 199 million tonnes. Selling more coal, with 191 million tonnes sold compared to 175 million tonnes last year, helped increase their revenue.
Reduced costs for removing raw materials and clearing soil and dirt on top of coal mines, along with increased other income, improved their profit margins and overall earnings. For your information, ‘overburden removal’ costs refer to the expenses of clearing soil and dirt from on top of coal in open cast mines. Additionally, the company also announced a moderate second interim dividend of Rs 5.25 per share for the fiscal year 2024.”