Coal India Q1 net profit grows 8 percent at Rs.4,033 crore

Kolkata, Aug 12 :

State miner Coal India (CIL) Tuesday posted an 8 percent growth in consolidated net profit at Rs.4,033 crore for first quarter ending June, as compared to Rs.3,731 crore in same quarter of the last fiscal.

CIL net sales also grew 8 percent to Rs.17,799.5 crore in the quarter in review from Rs.16,472.4 crore in the corresponding quarter of last fiscal. 

Operating profit as represented by earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 8.2 percent year-on-year to Rs.4,281 crore.

Other income of the company declined to Rs.2,180.54 crore in the first quarter, from Rs.2,219.61 crore during the same period last year. 

Production of raw coal grew 5.3 percent at the end of June quarter at 108.32 million tonnes (MT) compared to 102.89 MT in the year-ago period, the company said.

CIL’s offtake rose by 3.7 percent year-on-year to 119.60 MT during the quarter. 

Coal India stock closed Tuesday at Rs.364.35 a share, up 1.86 percent, over its previous close on the Bombay Stock Exchange (BSE).

(IANS)