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Coal India Reports Results for Q4 & 2019-20

Coal News - Published on Wed, 01 Jul 2020

Image Source: Coal India
Coal India Limited reported 23% decline in consolidated net profit to INR 4,637.95 crore on 4.1% fall in net sales to INR 25597.43 crore in Q4 March 2020 over Q4 March 2019. Profit before tax in Q4 FY20 stood at inr 7447.40 crore, down by 16.2% from inr 8892.35 crore in Q4 FY19. Tax expense fell 1.54% to inr2,821.64 crore in Q4 FY20 from INR 2,865.88 crore in Q4 FY19. During the March quarter, raw coal production increased by 9.9% YoY to 213.71 million tonnes while the raw coal offtake remained almost flat at 163.87 million tonne.

Consolidated net profit fell 4.3% to INR16,714.19 crore on 3.8% decline in net sales to INR 89,373.34 crore in the year ended March 2020 over the year ended March 2019. Profit before tax stood at INR 24,071.32 crore in FY20, down 11.3% from INR 27,126.87 crore in FY19.

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Posted By : Yogender Pancholi on Wed, 01 Jul 2020
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