On Tuesday, Coal India Ltd had reported Q1 consolidated net profit at Rs 3,170 crore, up 52 per cent as compared to Rs 2,078 crore in the same quarter last year. The company’s total revenue from operations rose nearly 37 per cent to Rs 25,282 crore as against Rs 18,487 crore YoY.
The miner’s production during the quarter stood at 123.98 million tonnes compared to 121 mt in the year-ago quarter whereas the offtake stood at 160.44 million tonnes versus 120.8 mt. Coal India’s total expenses in the first quarter increased to Rs 21,626.5 crore from Rs 16,470 crore in the corresponding quarter of the previous fiscal.
”The group is taking continuous measures to combat the adverse impact of COVID and has implemented various measures for ease of doing business. The group has considered the possible effects that may arise due to pandemics in the preparation of the financial results, including the recoverability of carrying amounts of financial and non-financial assets as of 30th June 2021. The group will continue to closely monitor any material changes arising from future economic conditions and the resultant impact on its business, Coal India said in the exchange filing.
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Shares of Coal India were down 0.2 per cent to Rs 143 per share on the BSE at the last hour of Tuesday’s trading session.
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