Coal India Q3 net up 54%

Coal India Q3 net up 54%

Coal India (CIL) has posted a 54 per cent rise in consolidated net profit at Rs 4,037.7 crore for quarter ended December 31, on the back of improved sales.

The company had reported a consolidated net profit of Rs 2,621.5 crore in the October-December quarter of 2010-11.

The consolidated total income rose to Rs 17,205.1 crore from Rs 13,937.4 crore for the quarter ended December 31, 2010. The standalone net profit of CIL saw a massive 957 per cent increase to Rs 1,219.33 crore for the quarter against Rs 115.3 crore for the same period last fiscal.

The total income also rose to Rs 1,566 crore against Rs 400.5 crore in the year ago.