Coal India Q1 net profit falls 10% to Rs 7,941.40 crore

Coal India on Tuesday posted a 10.1 percent fall in its consolidated net profit to Rs 7,941.40 crore for the quarter ended on June 30, dragged by higher expenses

PTI

Published:8th Aug, 2023 at 7:24 PM

New Delhi: Coal India Limited (CIL) on Tuesday posted a 10.1 percent fall in its consolidated net profit to Rs 7,941.40 crore for the quarter ended on June 30, dragged by higher expenses.

The coal major had clocked a net profit of Rs 8,834.22 crore in the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing.

The company's total income was at Rs 37,521.03 crore, up 4 percent from Rs 36,086.68 crore in the year-ago quarter. Expenses surged to Rs 26,785.68 crore from Rs 23,985.31 crore, a rise of 11.67 percent.

Coal India, under the Ministry of Coal, is a leading producer and supplier of coal in India.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Coal India Q1 net profit falls 10% to Rs 7,941.40 crore

Coal India on Tuesday posted a 10.1 percent fall in its consolidated net profit to Rs 7,941.40 crore for the quarter ended on June 30, dragged by higher expenses

Also Read

Ministry of Mines holds roadshow for 6th tranche of critical & strategic mineral block auction

CM inaugurates Vibrant Gujarat Regional Conference in Mehsana to showcase state's northern region

Railways marks milestone with simultaneous unloading of two goods rakes in Jammu

PS Thuingaleng (IRS) appointed as General Manager, TRIFED (Assam-North East Region)

India-UK partnership important pillar global stability amid uncertainty: Modi after talks with Starmer