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breaking news Coal India’s consolidated net profit hits Rs 6,715 crore as revenue soars

State-owned Coal India Ltd (CIL) on Wednesday reported a 46.33% year-on-year (YoY) increase in consolidated net profit to Rs 6,715 crore for the fourth quarter ended March 31, 2022.

In the corresponding quarter of last year, the company recorded a net profit of Rs 4,588.9 crore. CNBC-TV18 Polls had predicted a profit of Rs 5,400 crore for the quarter under review.

The consolidated revenue of the company stood at Rs 32,706.8 crore during the period under review, up by 22.5% from Rs 26,700 crore during the corresponding period of the financial year previous.

The results fell after the close of market hours. Coal India shares ended at Rs 180.60, down Rs 1.80, or 0.99% on BSE.

(This is a developing story. Check back for more details)


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