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Coal India reports over 2-fold jump in Q2 consolidated net profit

08 Nov 2022 Evaluate

Coal India reported results for second quarter ended September 30, 2022.

The company has reported rise of 48.58% in its net profit at Rs 2,694.00 crore for Q2FY23 as compared to Rs 1,813.13 crore for the corresponding quarter previous year. Total income of the company increased by 51.31% to Rs 3,061.07 crore for the quarter under review as compared to Rs 2,022.99 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 6,043.99 crore for the quarter under review as compared to Rs 2,932.73 crore for the same quarter in the previous year. Total income of the company increased by 31.27% to Rs 31,599.24 crore for the quarter under review as compared to Rs 24,072.83 crore for the same quarter in the previous year.

Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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