Coal India Q4 net up 35 percent to Rs.5,413.91 crore
Kolkata: Public sector Coal India Limited (CIL), the world's largest miner of coal, Monday announced a 34.89 percent jump in consolidated net profit to Rs.5,413.91 crore for the quarter ended March 31, 2013, from Rs.4,013.41 crore for the corresponding period in the previous financial year.
The firm's total Income for the fourth quarter of 2012-13 fiscal has increased to Rs.22,111.07 crore from Rs.21,724.99 crore for the like period in the previous fiscal.
For the full year, the state-run miner's net profit stood at Rs.17,356.36 crore for last fiscal compared to Rs.14,788.20 crore for previous fiscal, recording a 17.37 percent year-on-year growth.
"The increase in profit after tax is mainly due to volume growth," Coal India chairman S. Narsing Rao said here after announcing the results.
Expressing serious concern over the ongoing protests in Andhra Pradesh, following the nod for the creation of a separate Telangana State, the Communist Party of India (CPI) leader D Raja said that the Centre must address the genuine concerns of the people and assure them that their interests will be duly protected.
Date 06-12-13, Duration 2:11, Views 863