Coal India Q3 Results: Net Profit, Revenue Slide; Rs 5.5 Dividend Declared — Check Record Date, Other Details

Coal India Limited has reported a significant decline in its financial performance for the third quarter of the fiscal year, with net profit falling and revenues also showing a downward trend. The company's net profit margin shrank to 26.7%, down from 33.4% in the same quarter last year, indicating increased operational pressures. Despite the challenges, Coal India has announced a dividend of Rs 5.5 per share, reflecting its commitment to returning value to shareholders. The record date for this dividend has been set, providing investors with pertinent details to ensure eligibility. As one of the largest coal producers in the world, Coal India's performance is closely watched, and these results may raise concerns about the sustainability of its profit margins amid fluctuating market conditions and rising costs. Analysts will be keen to assess the company's strategies moving forward, especially in light of the increasing push for cleaner energy alternatives in India. This financial update underscores the complexities facing traditional energy companies as they navigate a changing landscape while striving to maintain profitability and shareholder satisfaction.