Coal India fourth quarter net profit down 52 per cent


Coal India fourth quarter net profit down 52 per cent

State-run miner Coal India Ltd (CIL) today posted a 52 per cent drop in net profit for the quarter ended March 2018 at Rs 1,295.34 crore as compared to Rs 2,718.80 crore reported in the corresponding quarter previous fiscal year.

Total income of the company during the quarter, however, jumped 8.54 per cent to Rs 28,909 crore from Rs 26,633 crore recorded in the corresponding quarter in 2016-17.

For the full financial year ended March 2018, the company’s net profit dropped 24.35 per cent to Rs 7,020 crore as compared to Rs 9,279 crore recorded in the previous fiscal.

Total income of the company last financial year rose 2.91 per cent to Rs 91,926 crore from Rs 89,322 crore in 2016-17. Read More

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