Coal India registered an 8.85% rise in net profit to Rs 4,395.11 crore for the quarter ended December 31 on the back of a 9.23% rise in supplies and better production. Declaring the company’s results, its chairman, S Narsing Rao said: “We hope to achieve the off-take target for the year and achieve an 8.5% growth. However, a lot depends on the availability of rakes for the remaining days of the year.” The company achieved a netsales of Rs 17,325.04 crore, which was a 12.87% rise against the previous corresponding period.
Nevertheless sales volume through e-auction has declined 8.71% although net realisation from the platform has increased to Rs 2,647 per tonne during the period to Rs 2,497 per tonne in the previous corresponding period. Net realizations from the period have, however, declined from Rs 3,274 crore in the previous period to Rs 3,082.41 crore.
Nevertheless sales volume through e-auction has declined 8.71% although net realisation from the platform has increased to Rs 2,647 per tonne during the period to Rs 2,497 per tonne in the previous corresponding period. Net realizations from the period have, however, declined from Rs 3,274 crore in the previous period to Rs 3,082.41 crore.
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