{"id":400299,"date":"2021-02-12T12:21:53","date_gmt":"2021-02-12T06:51:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=400299"},"modified":"2021-02-12T12:23:01","modified_gmt":"2021-02-12T06:53:01","slug":"cil-net-profit-tanks-21-as-contractual-expenses-soar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cil-net-profit-tanks-21-as-contractual-expenses-soar\/","title":{"rendered":"CIL net profit tanks 21% as contractual expenses soar"},"content":{"rendered":"<p>NEW DELHI:  State-owned Coal India Ltd (CIL) on Thursday reported a sharp 21.3 per cent decline in its consolidated net profit for the third quarter, at Rs 3,085.4 crore compared to a net profit of Rs 3,923.87 crore for the corresponding period. <\/p>\n<p>The company took a hit from a sharp rise in contractual expenses, details filed with the stock exchanges showed, increasing by 18.4 per cent during the period to Rs 4,351.5 crore. Further denting its bottom-line, the coal miner\u2019s other income for the quarter also dived 54 per cent on a year-on-year basis to Rs 648.59 crore. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-owned Coal India Ltd (CIL) on Thursday reported a sharp 21.3 per cent decline in its consolidated net profit for the third quarter, at Rs 3,085.4 crore compared to a net profit of Rs 3,923.87 crore for the corresponding period. The company took a hit from a sharp rise in contractual expenses, details filed with the stock exchanges showed, increasing by 18.4 per cent during the period to Rs 4,351.5 crore. Further denting its bottom-line, the coal miner\u2019s other income for the quarter also dived 54 per cent on a year-on-year basis to Rs 648.59 crore.<\/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":[210,130,143],"tags":[],"class_list":["post-400299","post","type-post","status-publish","format-standard","hentry","category-coal-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400299","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=400299"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400299\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=400299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=400299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=400299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}