Coal India Quarterly result⛏️⛏️
⬆️Consolidated revenue from Operations rose 38.8% to INR 35,902 crores in Q1 FY 2022-23 from INR 25,282 crores in Q1 FY 2021-22.
⬆️Coal India produced 159.75 million tonnes of raw coal in Q1 FY 2022-23, 28.8% higher than the production of Q1 FY 2021-22.
⬆️Coal India’s Net profit increased by 178% to INR 8,833 crores in Q1 FY 2022-23 from INR 3,170 crores in Q1 FY 2021-22.
⬆️Consequently, EPS has improved to INR 14.33 against INR 5.14 from the previous year.
Coal India Limited is an Indian government-owned coal mining and refining corporation. It is the largest coal producer in the world.
Coal is one of the primary energy resources and it accounts for 55% of commercial energy consumption. Coal India possesses 48% of its reserves in India and accounted for around 83% of India’s total coal production. Coal India’s major consumers are the Power sector (79.5% of the total output) and Steel sectors.
The company made a Capex of around INR 10,000 crores in the FY21 and a substantial amount spent on its Diversification projects. The company is foraying into the Solar power industry and coal gasification too.
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