BackCoal India net rises year-on-year
1 min read
09 Nov 2012, 07:49 PM IST
Profit rose 18.7% and revenue 10.83%, but plunged 31.12% over the preceding three months to `3,078.08 crore
Premium(Reuters)
Kolkata: Coal India Ltd’s (CIL) net profit for the September quarter plunged 31.12% over the preceding three months to ₹ 3,078.08 crore on account of a decline in average realization.
Revenue fell 11.68% to ₹ 14,572.54 crore as average realization during the quarter dropped to ₹ 1,406 a tonne from ₹ 1,428 a tonne between April and June.
Profit rose 18.7% and revenue 10.83% from the year-ago September quarter, when average realization was ₹ 1,376 a tonne.
CIL’s shares fell 0.63% to ₹ 346.25 apiece on BSE on Friday in a weak broader market.
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Published: 09 Nov 2012, 07:49 PM IST
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