Coal India reported a consolidated net profit of ₹2,077 crore in the first quarter ended June of FY21, a decline of 55% over that of ₹4,629 crore in the same period last fiscal, as demand for the dry fuel slumped due to the Covid-19 pandemic.
Net sales was ₹17,007 crore during the quarter under review, which is down by 26%. In the corresponding quarter of FY20, it was ₹23,223 crore.
The miner supplied 120 million tonne of coal during the quarter, nearly 20% lower offtake against 153.5 million tonne in the same quarter of the previous year.
