Business Companies 12 Nov 2019 Coal India Q2 net pr ...

Coal India Q2 net profit up 14 pc to Rs 3,522 crore

PTI
Published Nov 12, 2019, 9:43 am IST
Updated Nov 12, 2019, 9:43 am IST
The company's net profit stood at Rs 3,084.54 crore in the year-ago period, it said in a regulatory filing.
Coal India's net profit increased as its tax outgo declined significantly to Rs 754.25 crore from Rs 2,031.71 crore in the year-ago quarter.
 Coal India's net profit increased as its tax outgo declined significantly to Rs 754.25 crore from Rs 2,031.71 crore in the year-ago quarter.

New Delhi: State-run Coal India on Monday reported a 14 per cent rise in consolidated net profit at Rs 3,522.7 crore for the quarter ended September.

The company's net profit stood at Rs 3,084.54 crore in the year-ago period, it said in a regulatory filing.

 

Its total income, however, declined to Rs 22,012.94 crore in the July-September quarter of financial year 2019-20 from Rs 23,486.35 crore in the corresponding period of previous fiscal.

Despite the fall in total income, Coal India's net profit increased as its tax outgo declined significantly to Rs 754.25 crore from Rs 2,031.71 crore in the year-ago quarter.

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Location: India, Delhi, New Delhi




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