Coal India Reports Subdued Performance in Q2 of 2021-22
Strategic Research Institute
Published on :
15 Nov, 2021, 5:30 am
Indian state owned Coal India Limited has reported a flat financial performance for the second quarter of the current fiscal with net profit at INR 2,932 crore against IR 2,951 crore during the corresponding period last fiscal. Although total income for the period grew 8.25% to INR 24,072.83 crore, expenses were up more than 12%, at INR 20,424.52 crore leading to a 10% decline in profit before tax. PAT for the quarter to September during the current fiscal was at INR 3,643 crore, against IR 4,060 crore during the same period a year ago.
For the half yearly period CIL’s net profit at INR 6,106 crore increased 21% on a total income of INR 50,035 crore, registering a year-on-year growth of 20.54%. Profit before tax for the period at INR 7,978.81 crore witnessed an above 16% growth though expenses at INR 42,051 crore were higher by 21% compared to the expenses incurred during the six months period last fiscal.