Coal India Ltd´s net profit in the quarter ended 31 December declined 16.2 per cent to Rs 3,262.49 crore compared with the year-ago period as the national miner sold less coal through electronic auctions in order to meet domestic power sector demand as directed by the Coal Ministry.
Net sales increased by 5 per cent to Rs 17,762.88 crore year-on-year. Operating profit declined 12.8 per cent to Rs 5,094.75 crore. Coal India sold 33 million tonnes (mt) of coal through e-auctions in the nine months ended 31 December compared with 41.26 mt in the same period last year.
Coal India Q3 profit down 16.2% to Rs.3,262.49 crore
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