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Coal India Q2 profit rises 106% to Rs 6,044 crore, net sales up 29%

Ltd on Monday reported a consolidated internet revenue of Rs 6,044 crore for the second quarter ended September 2022, a bounce of 106 per cent over the corresponding quarter revenue of Rs 2,932 crore registered final yr.

The miner registered internet gross sales of Rs 27,538 crore for the quarter beneath overview, an increase of 29 per cent in the identical quarter of the earlier yr’s internet income of Rs 21,292 crore.

Greater demand for coal as a result of world scarcity has helped higher public sale realisations.

On a sequential foundation, the online revenue declined from Rs 8,834 crore within the earlier June quarter (Q1 FY23).

The entire expense through the quarter was Rs 23,770 crore whereas it was Rs 20,424 crore within the corresponding quarter of FY22.

The dry gasoline miner bought 10.36 million tonnes by e-auctions within the September quarter with a median realisation of Rs 6,061 per tonne. Regulated gross sales stood at 141.64 million tonnes.

The uncooked coal manufacturing through the second quarter improved to 139.22 million tonnes as in comparison with 125.83 million tonnes in the identical interval of final yr.

board introduced an interim dividend of Rs 15 per share.

(Solely the headline and movie of this report might have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)

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