Coal India (CIL) on Wednesday reported around 9 per cent rise in consolidated net profit for the third quarter ended December 31, 2012 at Rs 4,395 crore on the back of higher sales.
The company’s consolidated net profit was at Rs 4,037 crore in the same period of the last fiscal, the company said in a filing to BSE.
The consolidated income from operations of CIL for the period stood at at Rs 17,325 crore, registering an increase of around 13 per cent over the year—ago period.
CIL’s net sales in the October—December period were at Rs 15,349 crore.
The total expenses during the current quarter also went up to Rs 13,457 crore on account of higher expenses on employee benefits and others expenditure.
The total production of the company during the quarter stood at 117 million tonnes (MT), registering an increase of 2 per cent over the year—ago period.
The coal produced 114.6 MT in October—November period of last fiscal.
CIL’s coal offtake during the period also went up to 120 MT(110 MT).
The standalone net profit for the current quarter was at Rs 1,696.9 crore, ( Rs 1,219 crore) registering a growth of 39 percent.
The standalone net sales of CIL in the November—December quarter went up to Rs 90 crore, over Rs 71 crore in the same period of last financial year.
The shares of Coal India closed at Rs 347.80 a piece on the BSE, up 0.80 per cent from the previous close.