Coal India net profit rises 12.5% to ₹6,799 crore in Q2
The Hindu
Coal India Ltd. (CIL) reported a 12.5% rise in consolidated net profit to ₹6,799.77 crore for the September quarter due to higher sales. Total expenses rose 9.3% to ₹26,000.05 crore. Average realisation per tonne of coal was ₹1,541.75 and the board declared a first interim dividend of ₹15.25 per share. Production and off-take rose to 157.426 MT and 173.731 MT respectively. Target for the fiscal is 780 MT.
State-run Coal India on Friday reported a 12.5% rise in consolidated net profit to ₹6,799.77 crore for the September quarter on account of higher sales.
The company’s net profit stood at ₹6,043.55 crore in the year-earlier period, Coal India Ltd. (CIL) said in a regulatory filing. Consolidated sales increased to ₹29,978.01 crore in the July-September period from ₹27,538.59 crore a year earlier.
However, total expenses of the company rose 9.3% in the second quarter of the current fiscal to ₹26,000.05 crore from ₹23,770.12 crore in the year-earlier period.
The average realisation per tonne of coal under Fuel Supply Agreement (FSA) category was ₹1,541.75 during the quarter under review.
Further, the board declared the first interim dividend of ₹15.25 per share for the fiscal.
The PSU, which accounts for over 80% of domestic coal output, produced 157.426 million tonnes of coal in the quarter under review as against 139.228 MT in the year-earlier quarter.
The company’s offtake of raw coal in the quarter rose to 173.731 MT, over 154.533 MT in the year-earlier period.
Kerala's wellness sector faces uncertainty due to the West Asian crisis, impacting tourism and threatening economic stability.
Experts link Punjab's distress migration to economic stagnation and job mismatches, highlighting systemic failures in political leadership.
India's merchandise exports remain flat in February, with Commerce Secretary warning of a potential dip in March due to trade constraints.
Hard Rock International closes 10 outlets in India, including three cafes in Bengaluru, while Goa hotel remains open.
The booming market for artificial intelligence servers brought Taiwan's Foxconn a 24 percent jump in annual net profit, the company said
In a statement on its website, Adobe said it has in recent years streamlined its sign-up and cancellation processes and made them more transparent.
Stock markets recover as Sensex and Nifty bounce back following a three-day slump, driven by value-buying in blue-chip stocks.
U.S. President Donald Trump’s administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok’s U.S. business, the Wall Street Journal reported
Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters
Learn how to choose the best personal loan lender by evaluating eligibility, interest rates, and borrowing experience.
Discover why pension planning is essential in modern India to ensure financial security and peace during retirement.
The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.
NHAI raises annual pass fee to ₹3,075 from April 1, 2026, streamlining toll payments for FASTag users.