Coal India Q1 profit rises 22% to Rs 4,630 crore as margins improve

Mining major Coal India on Tuesday reported 22.3 per cent rise in consolidated profit for the June quarter at Rs 4,629.87 crore. The state-run firm had posted a net of Rs 3,786.40 crore in the year ago period.

The company’s revenue inched up 3.6 per cent to Rs 24,939 crore from Rs 24,070 crore on a yearly basis.

Ebitda for the June quarter came in at Rs 6,611 crore, up 16.9 per cent from Rs 5,654 crore last year.

Ebitda margins also improved to 26.5 per cent from 23.5 per cent in the same quarter last year.

The mining firm reported production of 136.94 million tonnes in the June quarter against 136.85 million tonnes last year.