Coal India Q3 results: Net profit declines 21% to Rs 3,084 crore

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