The Business Bytes
TBB BUREAU
NEW DELHI, AUG 8, 2023
State-owned Coal India Ltd (CIL) on Tuesday posted a consolidated net profit to Rs 7,941.40 crore for the quarter ended on June 30, 2023 (Q1FY24), a 10.1 per cent fall from the corresponding period of the previous fiscal.
CIL had registered a net profit of Rs 8,834.22 crore in the April-June period of 2022-23, according to an exchange filing.
CIL reported total income of Rs 37,521.03 crore during the period under review, up 4 per cent from Rs 36,086.68 crore in the year-ago quarter. Expenses went up by 11.67 per cent to Rs 26,785.68 crore from Rs 23,985.31 crore.
On a standalone basis, the company reported a net profit of Rs 918.02 crore for April-June 2023 against Rs 160.98 crore a year ago. While standalone total income surged to Rs 1,140.50 crore from Rs 357.23 crore in the year ago period.
During the quarter, the company’s consolidated coal production was at 175.47 MT, higher from 159.75 MT in April-June FY23. The coal offtake was also higher at 186.95 MT from 177.49 MT a year ago.
