{"id":300748,"date":"2019-11-13T17:06:55","date_gmt":"2019-11-13T11:36:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300748"},"modified":"2019-11-13T17:06:55","modified_gmt":"2019-11-13T11:36:55","slug":"coal-india-slides-as-q2-pat-rises-on-lower-tax-expense","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coal-india-slides-as-q2-pat-rises-on-lower-tax-expense\/","title":{"rendered":"Coal India slides as Q2 PAT rises on lower tax expense"},"content":{"rendered":"<p>Shares of Coal India fell 0.86% to Rs 208.05 after consolidated net profit rose 14.2% to Rs 3,522.70 crore on 6.9% decline in net sales to Rs 18,986.50 crore in Q2 September 2019 over Q2 September 2018.<\/p>\n<p>Coal India&#8217;s net profit increased as its tax outgo declined 62.88% to Rs 754.25 crore in Q2 September 2019 from Rs 2,031.71 crore in the year-ago quarter.<\/p>\n<p>The profit before tax declined 16.4% to Rs 4,277.15 crore in Q2 September 2019 over Rs 5,116.41 in Q2 September 2018. The result was declared after market hours on Monday, 11 November 2019.<\/p>\n<p>Consolidated production of raw coal fell 13.06% to 103.99 million tonnes during Q2 September 2019 as against 119.62 million tonnes in Q2 September 2018. Off take of raw coal all witnessed a 10.84% drop to 122.44 million tonnes as against 137.33 million tonnes in Q2 September 2019 compared with Q2 September 2018.<\/p>\n<p>Coal India is the state owned coal mining corporate and is the single largest coal producer in the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Coal India fell 0.86% to Rs 208.05 after consolidated net profit rose 14.2% to Rs 3,522.70 crore on 6.9% decline in net sales to Rs 18,986.50 crore in Q2 September 2019 over Q2 September 2018. Coal India&#8217;s net profit increased as its tax outgo declined 62.88% to Rs 754.25 crore in Q2 September 2019 from Rs 2,031.71 crore in the year-ago quarter. The profit before tax declined 16.4% to Rs 4,277.15 crore in Q2 September 2019 over Rs 5,116.41 in Q2 September 2018. The result was declared after market hours on Monday, 11 November 2019. Consolidated production of [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[131],"tags":[],"class_list":["post-300748","post","type-post","status-publish","format-standard","hentry","category-coal"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=300748"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300748\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}