Coal India Q3 profit up 4% at Rs3,004 crore
Coal India’s total income during the quarter under review stood at Rs22,484.14 crore as compared to Rs23,064.65 crore in the corresponding period of the last fiscal
New Delhi: State-run miner Coal India Ltd (CIL) on Saturday reported a 4.21% increase in its consolidated net profit at Rs3,004.79 crore for the quarter ended December 2017.
The company had posted a net profit of Rs2,883.27 crore during the October-December quarter of the previous fiscal, CIL said in a regulatory filing. Total income during the quarter under review stood at Rs22,484.14 crore. It was Rs23,064.65 crore in the corresponding period of the last fiscal.
CIL said, revenue for the quarter is not comparable with the year-ago period on account of goods and services tax (GST) implementation from 1 July 2017. Production during the quarter stood at 152.04 million tons as against 147.73 million tons in the year-ago period.
Total expenses during the quarter under review stood at Rs17,873.93 crore compared to Rs18,907.17 crore in the same period of the previous fiscal. On standalone basis, net profit during the period was Rs121.14 crore as against a loss of Rs39.03 crore a year ago.
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