Maharatna PSU and India’s largest coal extracting behemoth, Coal India Limited (CIL), clocked a 4.24% swell in consolidated net profit year-on-year at Rs 10,943.55 crore for Q1 of FY2024-25. In the June quarter of the previous fiscal, CIL had recorded a net profit of Rs 10,498.39 crore. On a quarter-on-quarter basis, Coal India improved its net profit by a whopping 26.7%. CIL’s standalone profit for the June quarter of the current fiscal was Rs 87.46 crore, which was 90.5% lower than Rs 918.02 crore recorded in the June quarter of the previous fiscal.
As most of the country’s coal mines are owned and operated by Coal India’s subsidiaries, its standalone performance cannot be judged on financial parameters. Coal India’s standalone production of coal in Q1 FY25 was 0.053 Million Tonnes (MT), while the consolidated coal production for the quarter was 189.286 MT. Coal India primarily makes revenue through the sale of coal.
The PSU’s consolidated total revenue surged 1.33% in Q1 of FY25. On a quarter-on-quarter basis, the consolidated revenue was down 2.5%. CIL recorded a total income of Rs 35,349.21 crore and Profit before Tax (PBT) of Rs 14,147.21 crore in Q1 of FY25.
