GET Stock QuotesNews18 APP
News18 English
»
1-min read

Coal India Fourth-Quarter Profit Plunges 52 Percent On Higher Expenses

Coal India Ltd increased income to Rs 28,909.3 crore, over Rs 26,633.89 crore. The consolidated expenses of the company during March quarter were at Rs 27,757.10 crore, as against Rs 22,352.70 crore.

PTI

Updated:May 29, 2018, 5:57 PM IST
facebookTwittergoogleskypewhatsapp
Coal India Fourth-Quarter Profit Plunges 52 Percent On Higher Expenses
Representative image.
New Delhi: Coal India Ltd, the country's largest miner, on Tuesday posted 52.3 per cent dip in consolidated profit to Rs 1,295.30 crore for the fourth quarter of last fiscal ended March 31, on higher employee cost.

It had reported profit of Rs 2,718.8 crore in the January-March quarter of the preceding fiscal 2016-17, the state-owned company said in a BSE filing.

The company's income increased to Rs 28,909.3 crore, over Rs 26,633.89 crore.

The consolidated expenses of the company during March quarter were at Rs 27,757.10 crore, as against Rs 22,352.70 crore.

"Post applicability of Goods and Services Tax (GST)...revenue from operations are disclosed net of GST. Accordingly, the revenue from operations and total expenses for the quarter and year ended March 31, 2018 are not comparable with the corresponding previous periods presented in the results," the filing said.

The company's employee benefits expense in the quarter under review were at Rs 16,653.86 crore, as against Rs 9,240.67 crore, the filing said.

The consolidated gross sales of the PSU during the quarter was at Rs 37,494.6 crore, registering an increase of 5.8 per cent.

CIL's production for the year ended March 31, 2018 was up at 567.3 million tonnes (MT), as against 554.14 MT a year earlier.

CIL, which accounts for over 80 per cent of the domestic coal output, has pegged its production estimate at 630 million tonne for 2018-19.

The CIL stock fell nearly 1 per cent to Rs 282.15 on BSE.

Also Watch

| Edited by: ---
Read full article
Most Active
Company Price Change %Gain
Reliance 1,019.25 +23.20 +2.33
ICICI Bank 293.20 +0.40 +0.14
TCS 1,822.45 -2.05 -0.11
Cipla 602.85 +1.00 +0.17
HDFC Bank 2,056.15 +32.65 +1.61
Company Price Change %Gain
HDFC 1,846.55 +19.85 +1.09
Ambuja Cements 197.40 -2.60 -1.30
Power Grid Corp 199.60 +1.25 +0.63
HDFC Bank 2,055.70 +30.30 +1.50
TCS 1,826.30 +0.45 +0.02
Top Gainers
Company Price Change %Gain
Reliance 1,019.25 +23.20 +2.33
Vedanta 228.70 +4.40 +1.96
IndusInd Bank 1,967.40 +35.90 +1.86
Kotak Mahindra 1,324.60 +21.35 +1.64
HDFC Bank 2,056.15 +32.65 +1.61
Company Price Change %Gain
Reliance 1,019.95 +24.30 +2.44
IndusInd Bank 1,967.45 +37.20 +1.93
Yes Bank 335.90 +5.50 +1.66
Kotak Mahindra 1,327.75 +20.60 +1.58
Tata Steel 563.30 +8.45 +1.52
Top Losers
Company Price Change %Gain
UPL 652.25 -21.85 -3.24
IOC 165.40 -3.20 -1.90
HPCL 307.90 -5.10 -1.63
ONGC 162.75 -2.05 -1.24
Dr Reddys Labs 2,367.75 -25.25 -1.06
Company Price Change %Gain
ONGC 162.80 -2.05 -1.24
Dr Reddys Labs 2,369.05 -25.65 -1.07
Coal India 270.60 -2.50 -0.92
ITC 263.75 -2.40 -0.90
Wipro 259.80 -1.85 -0.71

Live TV