Coal India net profit up 61 per cent for June quarter

Coal India Ltd (CIL) on Saturday posted 61.07 per cent jump in consolidated net profit at Rs 3,786.44 crore for the June quarter of 2018-19 financial year.

Published: 11th August 2018 11:14 PM  |   Last Updated: 12th August 2018 06:23 AM   |  A+A-

Reuters file image of a coal yard used for representational purpose only

By Express News Service

NEW DELHI: Coal India Ltd (CIL) on Saturday posted 61.07 per cent jump in consolidated net profit at Rs 3,786.44 crore for the June quarter of 2018-19 financial year. It had reported a net profit of Rs 2,350.78 crore in the same quarter of 2017-18, the state-owned company said in a regulatory filing.

Net income rose 17 per cent to Rs 25,470.86 crore from Rs 21,774.42 crore in the year-ago period.

Expenses remained higher at Rs 19,383.99 crore as against Rs 17,837.17 crore in April-June 2017.

During the reported quarter, the government divested 0.225 per cent stake by way of placement of shares in ‘Bharat 22-ETF’. After the divestment, the Government of India holds 78.32 per cent equity in CIL, it said.

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