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.
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