New Delhi: Only three of Coal India Limited’s (CIL) coal mining arms have registered an increase in net profit in Q1 of FY2024-25, while the other four have recorded declines. The list of companies that have improved their profits year-on-year is led by Northern Coalfields Limited (30 percent) followed by Central Coalfields Limited (24 percent) and Bharat Coking Coalfields Limited (18 percent). Central Mine Planning & Design Institute Limited (CMPDIL), which is not a coal mining subsidiary but one that provides exploration and consultancy services primarily to the coal sector, has also recorded 32 percent rise in net profits.
CIL subsidiaries that have recorded a decline in net profit y-o-y include Western Coalfields Limited (30 percent), Eastern Coalfields Limited (17 percent), South Eastern Coalfields Limited (6 percent) and Mahanadi Coalfields Limited (2 percent).
Coal India Limited (CIL) declared its financial results on Wednesday. It posted a 4.24 percent rise in consolidated net profit year-on-year at Rs 10,943.55 crore for Q1 of FY2024-25. In the June quarter of the previous fiscal, CIL had recorded net profit of Rs 10,498.39 crore. On quarter-on-quarter basis, Coal India improved its net profit by 26.7 percent.
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