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Coal India Announces Q1 Performance Update

Coal News - Published on Wed, 14 Aug 2019

Image Source: economictimes.indiatimes.com
State owned Coal India Ltd has reported a 22.2 per cent increase in consolidated profit at INR 4,629.87 crore for the quarter ended June 30, mainly on higher income. The company had posted a consolidated profit of INR 3,786.44 crore in the year ago period. CIL's consolidated income increased to INR 26,089.20 crore from INR 25,359.30 crore in the year-ago period. Coal production in April-June quarter stood at 136.94 million tonnes as compared with 136.85 million tonnes in the year-ago period.

On a standalone basis, CIL's profit in April-June quarter increased to INR 83.23 crore from INR 68.21 crore in the year-ago period. The standalone income during June quarter was at INR 282.77 crore as against INR 282.65 crore in the year-ago period.

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Posted By : Rabi Wangkhem on Wed, 14 Aug 2019
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