Coal India Q3 net profit rises 48%; board approves interim dividend of Rs 5

State-run Coal India on Monday announced a 48% jump in consolidated net profit at Rs 4,558 crore for the quarter ending December 31, 2021. It reported net profit of Rs 3,085 crore in the year-ago period.

Consolidated revenue from operations rose 20% to Rs 28,434 crore from Rs 23,686 crore in Q3FY21.

The company's board approved payment of interim dividend of Rs 5 per share.

On Monday, the company's scrip on BSE closed 3% lower at Rs 161.70.

Consolidated expenses during the third quarter increased to Rs 22,780.95 crore from Rs 19,592.57 crore in the corresponding quarter of the