December 2023 \ Business & Investment \ Business News
Rs 6,800 crore Q2 profit for Coal India

New Delhi: Government-owned Coal India Ltd posted a 12.5 per cent increase in net profit to Rs 6,799.77 crore for the July-September quarter of the current financial year on the back of higher sales. The company had made a net profit of Rs 6,043.55 crore in the same quarter last year.

Its consolidated sales increased to Rs 29,978.01 crore in the second quarter from Rs 27,538.59 crore in the same period of the previous year. The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) rose 12 per cent to Rs 10,121 crore in the second quarter of this fiscal over Rs 9,040 crore in the year-ago period.

The EBITDA margin stood at 29.1 percent in the reporting quarter compared to 28.6 percent in the corresponding period in the previous fiscal.