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Coal India Q4 net profit rises 46% to Rs 6,693 crore in FY’22

Coal India on Wednesday posted a 45.9 percent rise in its consolidated net profit at Rs 6,692.94 crore for the quarter ended on March 31

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New Delhi: State-owned Coal India Limited (CIL) on Wednesday posted a 45.9 percent rise in its consolidated net profit at Rs 6,692.94 crore for the quarter ended March 31, 2022, on the back of higher revenue from operations.

The company’s consolidated net profit was at Rs 4,586.78 crore in the year-ago period, Coal India Ltd (CIL) said in a BSE filing.

The consolidated revenue from operations of Coal India Ltd in the January-March period increased to Rs 32,706.77 crore in FY’22 from Rs 26,700.14 crore in the year-ago period.

The total expenses of the company during the period increased to Rs 25,161.20 crore compared to Rs 21,515.60 crore in the year-ago period.

Coal India Ltd’s production for the quarter ended March 31, 2022, increased to 209 million tonnes over 203.42 million tonnes in the corresponding quarter of previous fiscal.

The company’s offtake of fossil fuel during the January-March quarter also went up to 180.25 MT, as against 164.89 MT in the corresponding quarter of the previous fiscal.

For the financial year ended on March 31, 2022, Coal India Ltd’s production was 622.63 MT, up from 596.22 MT in FY21.

The company further said that its “board has recommended payment of final dividend for 2021-22 at Rs 3 per share… subject to the approval of the members of the ensuing annual general meeting.”

Coal India Limited is a Maharatna PSU under the Ministry of Coal. It accounts for over 80 percent of the country’s total coal output.

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