Coal India reports 50% rise in Q3 consolidated net profit

Coal India has reported results for third quarter ended December 31, 2018.

The company has reported a many fold Jump in its net profit at Rs 5,474.29 crore for the quarter under review as compared to Rs 121.14 crore for the same quarter in the previous year. Total income of the company reported over 16-fold jump at Rs 5,685.10 crore for Q3FY19 as compared Rs 345.97 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 50.09% in its net profit at Rs 4,566.71 crore for the quarter under review as compared to Rs 3,042.57 crore for the same quarter in the previous year. Total income of the company increased by 14.85% at Rs 26,209.13 crore for Q3FY19 as compared Rs 22,820.88 crore for the corresponding quarter previous year.