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Coal India Q1 results: Firm's net profit soars 178% to Rs 8,834 cr

The company's consolidated revenue from operations rose 39% to Rs 35,092 crore in Q1FY23

CIL's corporate headquarters in Kolkata
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CIL's corporate headquarters in Kolkata

Press Trust of India Kolkata
Coal India on Wednesday said its consolidated net profit shot up 178 per cent to Rs 8,834 crore for the first quarter of the 2022-23 fiscal on the back of higher sales.

The miner posted a net profit of Rs 3,174 crore in the same quarter last year. The company said in a regulatory filing on Wednesday that its sales were 39 per cent higher at Rs 32,498 crore during the quarter under review, as against Rs 23,293 crore registered in the corresponding period of FY22 (Financial year 2021-22).

Coal India was successful in keeping the total expenses at Rs

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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