Representational photograph
| Photo Credit: REUTERS
State-run Coal India on Friday reported a 12.5% rise in consolidated net profit to ₹6,799.77 crore for the September quarter on account of upper gross sales.
The firm’s net profit stood at ₹6,043.55 crore in the year-earlier interval, Coal India Ltd. (CIL) stated in a regulatory submitting. Consolidated gross sales elevated to ₹29,978.01 crore in the July-September interval from ₹27,538.59 crore a 12 months earlier.
However, complete bills of the corporate rose 9.3% in the second quarter of the present fiscal to ₹26,000.05 crore from ₹23,770.12 crore in the year-earlier interval.
The common realisation per tonne of coal beneath Fuel Supply Agreement (FSA) class was ₹1,541.75 in the course of the quarter beneath overview.
Further, the board declared the primary interim dividend of ₹15.25 per share for the fiscal.
The PSU, which accounts for over 80% of home coal output, produced 157.426 million tonnes of coal in the quarter beneath overview as towards 139.228 MT in the year-earlier quarter.
The firm’s offtake of uncooked coal in the quarter rose to 173.731 MT, over 154.533 MT in the year-earlier interval.
CIL has set a manufacturing and off-take goal of 780 MT for the continuing fiscal.
