Coal India Q1 net dips 55%
Kolkata: Coal India (CIL) on Wednesday posted a 55.1% year-on-year fall in its consolidated net profit for the first quarter this fiscal at Rs 2077.51 crore as its sales dipped close to 27% owing to the Covid-19 pandemic.
The world’s largest coal miner’s net profit for the first quarter of the last fiscal was at Rs 4,629.9 crore.
The coal behemoth’s sales during the April-June period this year fell 26.8% y-o-y to Rs 17,007 crore against Rs 23,223 crore for the same period last year, the company said in a stock exchange filing. Total income for the period under review stood at Rs 19271.8 crore compared with Rs 26089.2 crore in the year-ago period. The miner realised Rs 1,13,896.2 crore in April-June from fuel supply agreement (FSA) at Rs 1359.5 per tonne.
