Coal India Q1 net profit falls 10 pc to Rs 7,941.40 crore
Coal India Q1 net profit falls 10 pc to Rs 7,941.40 crorePSU Watch Archives

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

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.

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