Coal India’s Q1 profit rises 8% to Rs 4,033 crore

Update: 2014-08-13 01:01 GMT
State-run Coal India Ltd (CIL) on Tuesday reported 8 per cent jump in its net profit at Rs 4,033.28 crore on a consolidated basis for the first quarter ending June 2014 on the back of increased income.

The world's largest coal miner had reported Rs 3,731.04 crore net profit in the first quarter of 2013-14.

The PSU's income from operations was up by 8 per cent to Rs 17,799.54 crore during the April-June quarter this fiscal against Rs 16,472.42 crore during the corresponding period of the last fiscal, it said.

Total expenses during the quarter also increased to Rs 14,036.91 crore from Rs 12,999.12 crore in first quarter of the last fiscal.

During the quarter, it produced 108.32 million tonnes (MT) of coal as against 102.89 MT during the same period in the previous fiscal.

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