Coal India on Friday reported a 12.73 per cent rise in net profit for the second quarter ended September 30, on the back of a higher production and offtake despite softer e-auction prices.
Net profit during Q2FY24 was Rs 6,813.5 crore compared with Rs 6,043.99 crore in Q2FY23, ahead of market estimates. Revenue from operations during the quarter was Rs 32,776.41 crore compared with Rs 29,838.07 crore during the year-ago period, a growth of 9.84 per cent.
Coal production during the quarter was 157.42mt compared with 139.22mt in the year-ago period. Coal offtake during the quarter was 173.73 mt compared with 154.53mt in the year-ago period.
