Coal India Profit Plunges 31% Despite Big Dividend; L&T, Varun Beverages Ride Q2 Earnings Wave
Coal India’s Q2 net profit dropped 31% year-on-year to ₹4,354 crore, with revenue down 3.2%. Shares fell over 2% after results, as EBITDA margin narrowed to 22.3%. The board declared a ₹10.25 per share interim dividend despite the earnings decline. Heavy monsoon rains weighed on coal output and performance.