Coal news and updates

Coal India sees 4.2% rise in net profit

Kolkata: Coal India has reported a 4.2% year-on-year increase in its consolidated net profit from Rs 10,498.4 crore in the first quarter of last fiscal to Rs 10,943.5 crore for this year. The company’s revenue from operations grew 1.3% y-o-y at Rs 36,464.6 crore for the first quarter, compared to Rs 35,983.2 crore during the same period last fiscal.
The PSU’s total expenses soared to Rs 24,287.4 crore for the period under review from Rs 24,112.8 crore for the year-ago period.

Capital expenditure grew 3% y-o-y at Rs 3331.4 crore in the first quarter. Coal production grew around 8% y-o-y at 189.3 million tonnes during the first quarter, while offtake rose by 6% y-o-y at 198.5 million tonnes. tnn

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