Coal India on Saturday reported a consolidated net profit of Rs 3,786.4 crore in April-June period, over 60% higher than the same quarter last year. The state-owned company reported a net revenue of Rs 25,470.9 crore, as compared to Rs 21,774.4 crore in April-June 2017.
The company’s expenses during the quarter were Rs 19,384 crore, against Rs 17,837.2 crore last year. The company said it had produced 136.85 million tonnes coal in April-June, and offtake was 153.47 million tonnes.
The company has set a production target of 630 million tonnes for 2018-’19, PTI reported.
In the April-June quarter, the government had divested 0.225% stake in Coal India, after which its stake is 78.32%.