Coal India reports 57% rise in net profit to Rs 6,547 crore in Q2
Coal India Ltd reported a significant increase in consolidated net profit for the quarter ended September. The company's net profit reached ₹6,547 crore, up from ₹4,167 crore a year earlier. Revenue from operations grew to ₹44,179 crore, driven by higher product sales as total income also increased. Total expenditure for the period rose to ₹38,398 crore due to various costs.
New Delhi: State-owned Coal India Ltd reported a 57% year-on-year rise in consolidated net profit to ₹6,547 crore for the quarter ended September, compared with ₹4,167 crore in the corresponding quarter last year.Revenue from operations increased 21% to ₹44,179 crore from ₹36,553 crore a year earlier, driven by higher revenue from the sale of products. Total income rose 21% to ₹46,833 crore from ₹38,694 crore.Read more: IndiGo Q2 Results: Loss narrows YoY to Rs 1,879 crore; revenue rises 26%The company's total expenditure rose 17% to ₹38,398 crore during the quarter from ₹32,911 crore in the year-ago period.Coal India's share of profit from joint ventures increased to ₹294 crore from ₹209 crore, while other income rose 24% to ₹2,654 crore from ₹2,140 crore.Live EventsRead more: Trent Q2 Results: Cons profit jumps 25% YoY to Rs 468 crore; revenue climbs 22%Tax expenses increased to ₹2,181 crore during the quarter from ₹1,825 crore a year earlier.(You can now subscribe to our ETMarkets WhatsApp channel)
