Moneycontrol PRO
Check Credit Score
Check Credit Score
chakra

Countdown to Lok Sabha Elections 2024

voteFULL COVERAGE
HomeNewsBusiness

Coal India third-quarter profit surges 50% on higher production

The figure beat analysts' average estimate of 40.69 billion rupees in profit, according to Refinitiv Eikon data.

February 12, 2019 / 08:40 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Coal India Ltd, the world's biggest coal miner, reported a 50.1 percent jump in third-quarter profit on Tuesday as it benefited from higher coal production.

Its profit for the three months to December reached Rs 45.67 billion Indian rupees ($646.5 million), compared with 30.43 billion a year earlier, the company said.

The figure beat analysts' average estimate of 40.69 billion rupees in profit, according to Refinitiv Eikon data.

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

Reuters
first published: Feb 12, 2019 08:37 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347