Coal India’s Q1 net profit stays flat as costs rise 27% amid West Asia impact; declares ₹5.5 interim dividend
Coal India's net profit for the June quarter increased by 0.7% year-on-year to ₹8,850 crore, remaining flat amid a 27% rise in costs driven by the West Asia conflict. The company declared an interim dividend of ₹5.5 per share as it navigated higher expenses for mining essentials like explosives and industrial diesel. The ongoing geopolitical tensions have significantly impacted operational costs, posing challenges for the state-owned miner.