Coal India March Quarter Profit Rises 46% To Rs 6,693 Crore

Coal India March Quarter Profit Rises 46% To Rs 6,693 Crore

Coal India’s March quarter profit rose 46 per cent to Rs 6,693 crore

New Delhi:

Coal India Limited (CIL) on Wednesday posted a 45.9 per cent rise in its consolidated net profit at Rs 6,692.94 crore for the quarter ended March, 2022 on the back of higher revenue from operations.

The company’s consolidated net profit was at Rs 4,586.78 crore in the year-ago period, it said in a BSE filing.

The consolidated revenue from operations of CIL in the January-March period increased to Rs 32,706.77 crore in 2021-22 from Rs 26,700.14 crore in the year-ago period.

The total expenses of the company during the period increased to Rs 25,161.20 crore compared to Rs 21,515.60 crore in the year-ago period.

CIL’s production for the quarter ended March 31, 2022 increased to 209 million tonnes over 203.42 million tonnes in the corresponding quarter of previous fiscal.

The company’s offtake of fossil fuel during January-March quarter also went up to 180.25 million tonnes, as against 164.89 million tonnes in the corresponding quarter of previous fiscal.

For the financial year-ended on March 31, 2022, CIL’s production was 622.63 million tonnes, up from 596.22 million tonnes in 2020-21.

The company further said that its “board has recommended payment of final dividend for 2021-22 at Rs 3 per share, subject to the approval of the members of the ensuing annual general meeting.” CIL accounts for over 80 per cent of the country’s total coal output. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

For all the latest business News Click Here 

Read original article here

Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.