Coal India Ltd.

Coal India has reported results for fourth quarter and year ended March 31, 2014

The company has posted a fall of 72.16% in its net profit at Rs 646.14 crore for the quarter ended March 31, 2014 as compared to Rs 2320.61 crore for the same quarter in the previous year. Total income of the company decreased by 63.76% at Rs 1015.25 crore for quarter under review as compared to Rs 2801.58 crore for the quarter ended March 31, 2013.

On consolidated basis, the group has reported 18.10% fall in its net profit /(loss) after taxes, minority interest and share of profit / (loss) of associates of  at Rs 4434.18 crore for the quarter ended March 31, 2014 as compared to Rs 5413.91 crore for the same quarter in the previous year.  However, total income of the group has increased by 1.23% at Rs 22382.35 crore for quarter under review as compared to Rs 22111.07 crore for the quarter ended March 31, 2013.

For the year ended March 31, 2014, the company has posted a jump of 53.24% in its net profit at Rs 15008.54 crore as compared to Rs 9794.32 crore for the same period in the previous year. Total income of company improved by 43.39% at Rs 16404.10 crore for year under review as compared to Rs 11440.26 crore for the period ended March 31, 2013.

For the year ended March 31, 2014, on the consolidated basis, the group has posted a fall of 12.93% in its net profit /(loss) after taxes, minority interest and share of profit of associates at Rs 15111.67 crore as compared to Rs 17356.36  crore for the same period in the previous year. However, total income of group has increased by 0.94% at Rs 77779.40 crore for year under review as compared to Rs 77049.43 crore in the previous fiscal.