State-owned Coal India Limited on Tuesday reported 52.5% rise in consolidated net profit at Rs 3,174 crore for the quarter ending June 30, 2021. It was Rs 2,080 crore in the year-ago period.
Consolidated revenue from operations rose 37% to Rs 25,282 crore as against Rs 18,487 crore in June 2020.
The company’s margin rose 270 bps on a like-to-like basis.
Consolidated coal production (raw coal) rose by 2.43% to 123.98 million tonnes (MT) in Q1FY22 as against 121.04 million tonnes (MT) in Q1FY21. Offtake (raw coal) jumped by 32.8% to 160.44 MT in Q1FY22 from 120.8 MT in Q1FY21.
Coal India is a coal mining company engaged in the production and sale of coal. As of June 30, 2021, the Government of India held 66.13% stake in the company.
