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Coal India Ltd posted 40 per cent drop in net profit to Rs 369 crore for the quarter ended September 30 as compared with Rs 612 crore same period last year.
Revenue from operations was up by 4 per cent to Rs 18,148 crore during the quarter under review as compared with Rs 17,418 crore same period last year.
Post applicability of GST effective July 1, revenue from operations are disclosed net of GST. Accordingly, the revenue from operations and total expenses for the quarter and half year are not comparable with the previous periods, the company said in its filing to BSE on Saturday.
CIL produced 113.04 million tonne of coal during the July-September 2017 period up from 104.37 million tonne same period last year. Coal off-take was up at 131.58 million tonne (115.87 million tonne) during the quarter under review.
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