Coal India revenue dips by 3.6% and Q4 profit falls by 23%

India’s largest coal mining company Coal India has announced a combined profit of Rs 4,637.95 crores for quarter four which is from January to March 2020. It has fallen sharply by 23% compared to the previous year’s profit for the same quarter which was around 6,025.38.

Revenue collected from the whole operations in this quarter is 27,568.23 cr which is less by 3.6% as compared to the previous fiscal year in the same period.

Other income during the quarter increased by 7.3 per cent to Rs 1,913.18 crores.

Profit during the whole year declined by 4.3% to Rs 16,714.19 crores and revenue from operations also fell by 3.5%.

Coal India's production volume in Q4FY20 grew by 10 per cent to 213.7 million tonnes while off-take volume remained flat at 163.87 million tonnes. Growth in production volume is largely driven by cyclical nature of business in the second half of FY20.

In May this year, Finance Minister Nirmala Sitharaman allowed commercial mining of coal as a part of nearly Rs 21 lakh crores economic stimulus package.

For latest news visit :