Coal India’s net profit down by 16%
- Indian Masterminds Bureau
- Published on 12 Nov 2020, 4:55 pm IST
- 1 minute read
Coal India has reported a fall rate of 16% since the last quarter.
- Coal India Ltd.
On Wednesday, State-run Coal Indian Ltd. apparently reported fall of 16% in its consolidated net profit to Rs 2,951 crore in the second quarter of the current fiscal. Last year the miner had posted a net profit of Rs 3,523 crore.
The company’s revenue from sales was Rs 19,484 crore during the quarter under review as against Rs 18,986 crore registered in the subsequent period last year, said the miner in a regulatory filing in the stock exchanges.
The company also stated that its Board of Directors permitted an interim dividend at a rate of Rs 7.50 per share for 2020-21 fiscal. The Maharatna public sector undertaking (PSU) produced 114.98 million tons of coal in the September quarter, up from 104 million tons in the year-ago period. It’s off take was at 133.9 million tons in the July- September period as against 122.44 million tons in the same quarter last year.
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