Coal India Ltd has reported a net profit of Rs 2,626.1 crore for the quarter ended December 31, 2010. During the period, the firm’s net sales stood at Rs 12,691.9 crore. Since Coal India Ltd (CIL) was an unlisted company last year, the figures for the corresponding quarter of the last financial year were not available.
“Keeping all the problems, including the go-no-go issue in mind, the result is satisfactory. Moreover, inflationary pressures on wages and 29-40 per cent increase in DA has pulled pulled down the result. Still, I can assure you that January-March is definitely going to be better than October-December,” CIL Chairman, Partha S Bhattacharyya, said.