Coal India posted a 0.6% fall in consolidated net profit to Rs 2,932.73 crore in Q2 FY22 from Rs 2,951.6 crore posted in Q2 FY21.
The state-run coal miner's consolidated revenue from operations grew 9.3% to Rs 21,292.5 crore in Q2 FY22 from Rs 19,484 crore registered in Q2 FY21. Profit before tax declined 10.3% to Rs 3,643.24 crore in Q2 FY22 over Q2 FY21.Consolidated coal production (raw coal) rose by 9.4% to 125.83 million tonnes (MT) in Q2 FY22 as against 114.98 million tonnes (MT) in Q2 FY21. Offtake (raw coal) grew by 9.75% to 147.43 MT in Q2 FY22 from 134.33 MT in Q2 FY21.
Coal India is a coal mining company engaged in the production and sale of coal. As of 30 September 2021, the Government of India held 66.13% stake in the company.
Shares of Coal India closed 0.03% lower at Rs 166.95 on Friday.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app