Coal India Reported Net Profit Rises 14% to ₹3,522.7 Crore
State-run Coal India on Monday reported a 14 per cent rise in consolidated net profit at ₹3,522.7 crore for the quarter ended September.
The company's net profit stood at ₹3,084.54 crore in the year-ago period
Its total income, however, declined to ₹22,012.94 crore in the July-September quarter
New Delhi: State-run Coal India on Monday reported a 14 per cent rise in consolidated net profit at ₹3,522.7 crore for the quarter ended September.
The company's net profit stood at ₹3,084.54 crore in the year-ago period, it said in a regulatory filing.
Its total income, however, declined to ₹22,012.94 crore in the July-September quarter of financial year 2019-20 from₹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 ₹754.25 crore from ₹2,031.71 crore in the year-ago quarter.
(Except for the headline, this story has not been edited by Scrabbl staff and is published from a syndicated feed.)
