By Nigel Dsouza, CNBC-TV18
Coal India (CIL) announced its consolidated results for the quarter and year ended March 31, 2012. Hit by stagnant volumes and a steep increase in wage bills, the group's net profit in the fourth quarter of 2012 declined little below 5% to Rs 4013.41 crore as compared to Rs 4220.92 crore in the previous year. However, it's net sales increased 29% to Rs 19,418 crore from 15,016 crore during the period under review. Total income increased from Rs 16485.69 crore in the quarter ended March 31, 2011 to Rs 21746.94 crore in Jan-March quarter of 2012. As far as consolidated annual results are concerned, Coal India's net profit stood at Rs 14788.20 crore for the year ended March 31, 2012 as compared to Rs 10867.35 crore a year ago. During the same period, consolidated total income rose to Rs 69952.33 crore against Rs 55101.42 crore in March 31, 2011.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
