Maharatna PSU Records Stellar Profit Figure in Q1, Topline Surges 39% YoY

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Maharatna PSU Records Stellar Profit Figure in Q1, Topline Surges 39% YoY
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The state-owned coal mining company Coal India (NS: COAL ) released its June 2022 quarterly earnings results on Wednesday, posting a multi-fold jump in net profit on a YoY basis.

The Maharatna public sector undertaking’s consolidated net profit skyrocketed 178.65% YoY to Rs 8,832.9 crore during the Apr-Jun 2022 period, and revenue surged 38.8% YoY to Rs 35,092 crore.

Its total income rose 39% YoY to Rs 36,087 crore, while net sales too climbed almost 40% YoY to Rs 32,498 crore in the quarter. Its EPS jumped to Rs 14.3 in Q1 from Rs 5.14 in the year-ago period.

Coal India is the world’s largest coal producer. It fetched Rs 4,340/tonne from a coal e-auction during the reporting quarter, selling almost 21 MT of coal. The total expenses stood at Rs 23,985 crore in the period from Rs 21,626 crore in the same quarter last year.

The meg-cap miner’s output in the reporting quarter advanced 28.8% YoY to 159.75 million tonnes and the offtake of raw coal climbed 10.66% YoY to Rs 177.5 MT.

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  • velumani prakash @velumani prakash
    if this is true, then why allow another a... i company to import coal
    Like 0
  • velumani prakash @velumani prakash
    if this is true, then why allow another a... i company to import coal
    Like 0
  • ravi kumar @ravi kumar
    it's heading towards 250 to 255
    Like 2
    • kadar supermarket @kadar supermarket
      nope
      Like 0
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