Coal India Q1 net down 55% to 2,077 cr
1 min read . Updated: 02 Sep 2020, 08:09 PM ISTCoal India reported a consolidated net profit of ₹2,077 crore in the first quarter ended June of FY21, a decline of 55% over that of ₹4,629 crore in the same period last fiscal, as demand for the dry fuel slumped due to the Covid-19 pandemic
Coal India reported a consolidated net profit of ₹2,077 crore in the first quarter ended June of FY21, a decline of 55% over that of ₹4,629 crore in the same period last fiscal, as demand for the dry fuel slumped due to the Covid-19 pandemic.
Net sales was ₹17,007 crore during the quarter under review, which is down by 26%. In the corresponding quarter of FY20, it was ₹23,223 crore.
The miner supplied 120 million tonne of coal during the quarter, nearly 20% lower offtake against 153.5 million tonne in the same quarter of the previous year.
Fuel supply to power plants also declined about 30% to 102 million tonne during the quarter against 130 million tonne during the comparable quarter of FY20.
E-Auction sales was 15.8 million tonne in the period under review against that of 19 million tonne in the corresponding quarter last fiscal.
This story has been published from a wire agency feed without modifications to the text.
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