State-owned CIL Thursday posted an over four-fold rise in consolidated profit at Rs 6,024.2 crore for March 2019 quarter on the back of higher sales and lower expenses.
The company had posted a profit of Rs 1,302.6 crore in the year-ago period, Coal India (CIL) said in a filing to the BSE.
Consolidated sales of the country's largest miner during the January-March quarter stood at Rs 26,704.2 crore, an increase of 7.9 per cent.
Total expenses during the quarter dropped to Rs 21,473.1 crore, over Rs 27,396.5 crore in the year-ago period.
Its profit for the entire 2018-19 fiscal increased to Rs 17,462.18 crore, over Rs 7,038.44 crore in the previous year.
For the full fiscal, consolidated sales rose to Rs 92,896.08 crore over Rs 82,487.93 crore.
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For the year ended March 31, 2019, the company produced 606. 89 million tonnes of coal, over 567.37 MT produced a year ago, CIL said in a separate filing.
CIL accounts for over 80 per cent of the domestic coal output.