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Coal India Q1 net profit falls 10 pc to Rs 7,941.40 cr

Expenses surged to Rs 26,785.68 crore from Rs 23,985.31 crore, a rise of 11.67 per cent.

DT NEXT Bureau

NEW DELHI: Coal India on Tuesday posted a 10.1 per cent fall in its consolidated net profit to Rs 7,941.40 crore for the quarter ended on June 30, dragged by higher expenses.

The coal major had clocked a net profit of Rs 8,834.22 crore in the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing.

The company’s total income was at Rs 37,521.03 crore, up 4 per cent from Rs 36,086.68 crore in the year-ago quarter.

Expenses surged to Rs 26,785.68 crore from Rs 23,985.31 crore, a rise of 11.67 per cent.

Coal India, under the Ministry of Coal, is a leading producer and supplier of coal in India.

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