State-owned Coal India Ltd (CIL) on Thursday reported a 21.3 per cent decline in consolidated net profit at Rs 3,084 crore for quarter ended December 31, 2020 (Q3FY21). It was Rs 3,921.81 crore in the same period a year ago.
Sequentially, the profit rose marginally by 4.5 per cent. It was Rs 2,951 crore in the preceding September quarter.
Revenue from operations during the quarter increased to Rs 23,686 crore from Rs 23,190 crore in the year-ago period, up 2.1 per cent year-on-year. The company's total expenses stood at Rs 19,592 crore in the latest December quarter.
The consolidated production of coal during the quarter came in higher at Rs 157 million tonne, compared with 147 million tonne a year ago.
The company clocked Rs 20,670 crore in net sales, while that from washed coal (Coking) came in at Rs 252.44 crore. The net sales from e-auction were at Rs 3,995.80 crore.
On February 11 at 3:00 pm, Coal India's stock was trading 1.19 per cent lower on BSE at Rs 136.65.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.