Coal India Posts Rs. 4,567 Crore Profit In December Quarter, Beats Analysts’ Estimates

Business

Coal India Ltd, the world’s biggest coal miner, reported a 50.1 per cent jump in third-quarter profit on Tuesday as it benefited from higher coal production.
Its profit for the three months to December reached Rs. 4,567 crore ($646.5 million), compared with Rs. 3,043 crore a year earlier, the company said.

The figure beat analysts’ average estimate of Rs. 4,069 crore in profit, according to Refinitiv Eikon data.

Quarterly coal production rose 2.6 per cent year-over-year to 155.97 million tonnes.

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