Coal India on Wednesday said its consolidated net profit shot up 178 per cent to Rs 8,834 crore for the first quarter of the 2022-23 fiscal on the back of higher sales.
The miner posted a net profit of Rs 3,174 crore in the same quarter last year. The company said in a regulatory filing on Wednesday that its sales were 39 per cent higher at Rs 32,498 crore during the quarter under review, as against Rs 23,293 crore registered in the corresponding period of FY22 (Financial year 2021-22).
Coal India was successful in keeping the total expenses at Rs 23,985 crore amid higher production and despatches during the quarter versus Rs 21,626 crore in the June quarter last year.
