Coal India Q4 Result | Net profit grows 46.3% YoY to Rs 6,715 crore, revenue up 22.5%

The production of coal increased by 2.8 percent on year and 27.6 percent on quarter to 109 million tons (MT) of coal during the quarter. The total offtake during the quarter at 180.25 MT was higher by 9.3 percent year on year.

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Coal India Limited (Coal India), on May 25, reported a 46 percent growth in consolidated net profit of Rs 6,715 crore in the fourth quarter of FY2021-22 as against Rs 4,589 crore recorded a year ago. On a sequential basis, the profit has jumped 47.4 percent from Rs 4,557 crore earned during the October–December period.

Consolidated revenues for the state owned coal producer rose 22.5 percent on-year to Rs 32,707 crore as compared to a revenue of Rs 26,700 crore registered in the year-ago quarter. On a sequential basis, the revenue is higher by 15 percent from the revenue of Rs 28,433 crore recorded in the previous quarter.

The growth was aided by an increase in volume offtake and better realizations.

For the full year period from April – March 2022, the consolidated PAT witnessed a growth of 36.8 percent to Rs 17,378 crore from the profit of Rs 12,702 crore achieved during FY21.

Consolidated revenues for FY22 jumped 22 percent to Rs 1,09,714 crore from the revenues of Rs 90,026 crore for last year.