NEW DELHI: Centre-owned Coal India Ltd (CIL) today posted a 23 per cent decline in consolidated profit at Rs 2,351.2 crore for the quarter ended June 30, 2017, due to higher expenses.
The company had posted a consolidated profit of Rs 3,065.2 crore in the year-ago period, Coal India Ltd (CIL) said in a filing to BSE.
However, CIL's consolidated income during April-June quarter was at Rs 21,774.4 crore, registering an increase of 4.5 per cent. The firm's consolidated expenses increased to Rs 17,836.7 crore in April-June this year, over Rs 16,197.8 crore in the year-ago period.
The production of the country's largest coal miner was at 118.8 million tonnes (MT) in the first quarter of FY2017-18 against 125.6 MT in the same quarter of previous fiscal.
The company's off take for the April-June quarter was at 137.4 MT, over 133.2MT in the same quarter of previous fiscal.
On standalone basis, Coal India posted a profit of Rs 32.18 crore for April-June 2017 against that of Rs 3.6 crore in the year-ago period. However, standalone total income declined to Rs 187.8 crore over Rs 189 crore in the corresponding quarter of previous fiscal.