Coal India reports 21pc decline in Q3 net profit at Rs 3,084 cr
State-owned Coal India Ltd (CIL) on Thursday reported a 21 per cent decline in its consolidated net profit at Rs 3,084 crore for the quarter ended December 31, 2020 due to higher contractual expenses. It was Rs 3,921.81 crore in the same period a year ago, the company said.
Net profit for the period after Other Comprehensive Income (OCI) stood at Rs 2,773 crore, it added. Net sales were at Rs 21,708 crore, marginally higher than Rs 21,566 crore registered in the same quarter of the previous fiscal.
The miner earned Rs 20,670 crore from sales of raw coal of which e-auction realisation was Rs 3,995 crore.
