Chennai: Coal mining major Coal India Ltd on Tuesday said it had posted a lower net profit of Rs 7,971.04 crore on a consolidated basis for the first quarter of FY24.
In a regulatory filing, Coal India said during Q1FY24 it had logged an operational revenue of Rs 35,983.21 crore (Q1FY23 Rs 35,092.17 crore) and a net profit of Rs 7,971.04 crore (Rs 8,832.86 crore).
During the quarter under review, the company produced 175.476 million tonnes (159.753 million tonnes) and sold 186.950 million tonnes (177.490 million tonnes).
Boosted by other income, Coal India’s standalone net profit shot up to Rs 918.02 crore.
During Q1FY24, Coal India logged a standalone operational revenue of Rs 335.75 crore (Q1FY23 Rs 320.50 crore) and a net profit of Rs 918.02 crore (Rs 160.98 crore).
The net profit got a being ‘calorific’ boost with other income of Rs 804.75 crore (Rs 3,673 crore) that includes a sum of Rs 757.13 crore dividend from other subsidiaries.
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