Coal India reports third-quarter net profit up 48%
New Delhi:
Maharatna Coal India Limited (CIL) on Monday reported a 47.7% increase in consolidated net profit, at Rs 4,558.39 in the third quarter of the current financial year, on the back of higher operating revenue.
Its consolidated net profit stood at Rs 3,085.39 crore for the corresponding period of last year, the company said in a filing with the Bombay stock exchange.
Consolidated revenue from the company’s operations for the October-December period rose to Rs 28,433.50 from Rs 23,686.03 in the respective period.
Consolidation expenses in the third quarter rose to Rs 22,780.95 from Rs 19,592.57 in the corresponding quarter of the previous financial year.
Raw coal production in the October-December period rose to 163.82 million tonnes from 156.78 million tonnes in the corresponding quarter of the previous fiscal.
Raw coal consumption also increased to 173.77 million tons in the quarter from 154.46 million tons in the same period a year ago.
The company said e-auction sales for the October-December period stood at Rs 5,052.97 with an average fulfillment of Rs 1,947.19 per ton.
Indian coal accounts for more than 80% of total dry fuel production in the country.
