State-owned CIL on August 13 reported a 22.2% increase in consolidated profit at Rs 46.3 billion ($648.4 million) for the quarter ended June 30, mainly on higher income. The company had posted a consolidated profit of Rs 37.86 billion in the year-ago period, Coal India Ltd (CIL) said in a filing to the BSE.
CIL's consolidated income increased to Rs 260.89 billion from Rs 253.59 billion in the year-ago period.
Total expenses stood at Rs 190.77 billion during the quarter under review as against Rs 192.72 billion in the corresponding quarter of previous fiscal.
Coal production in April-June quarter stood at 136.94 million tonnes as compared with 136.85 million tonnes in the year-ago period.
The company's offtake in April-June period was at 153.49 million tonnes as against 153.47 million tonnes a year ago.
On a standalone basis, CIL's profit in April-June quarter increased to Rs 832.3 million from Rs 682.1 million in the year-ago period.
The standalone income during June quarter was at Rs 2.828 billion as against Rs 2.826 billion in the year-ago period.
CIL accounts for over 80% of domestic coal output.
(Writing by Becky Du Editing by Harry Huo)
For any questions, please contact us by firstname.lastname@example.org or +86-351-7219322.