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Coal India Q1 Result | Net profit zooms 178% to Rs 8,834 crore

Revenue from operations came in at Rs 35,092.17 crore, rising 38.79 percent from Rs 25,282.75 crore in the year-ago quarter.

August 10, 2022 / 07:14 PM IST
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Coal India on August 10 reported consolidated net profit at Rs 8,834.22 crore for the quarter ended June, up 178.31 percent compared to Rs 3,174.15 crore in the same quarter last year.

Revenue from operations came in at Rs 35,092.17 crore, rising 38.79 percent from Rs 25,282.75 crore in the year-ago quarter, the world's largest coal miner said in an exchange filing.

The company said raw coal production was at 159.75 million tonnes during the quarter,, up from 123.98 million tonnes in the comparable quarter. 

Offtake of raw coal was at 177.49 million tonnes, compared to 160.44 million tonnes in the year ago quarter. 

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Ahead of earnings announcement, shares of the company closed up 2 percent at Rs 220. The stock is one of the best performing from metals and mining sector in the current year with year to date returns at 42 percent.
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first published: Aug 10, 2022 06:25 pm
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