State-run Maharatna Coal India Ltd (CIL) has posted a net profit of Rs 25.93 crore for the quarter ended September 30, a rise of 73.56 per cent over the Rs 14.94-crore net profit in the corresponding quarter of the previous financial year.
The Kolkata-based firm’s net sales for the period stood at Rs 13,148 crore, compared with sales of Rs 11,102 crore, an increase of 18.45 per cent.
The coal major’s stocks rose 0.05 per cent today to Rs 326.30, compared to the previous close of Rs 326.15 in the Bombay Stock Exchange.
The company’s performance during the quarter was affected by the crisis in the power sector and the downfall in production. During the April-July period, the firm supplied 99.98 Mt of coal to power utilities, posting a 4.7 per cent growth compared to the same period last year.
