Coal India consolidated net up 35% on low expenses
State-owned Coal India (CIL) today reported almost 35% rise in the consolidated net profit at Rs. 5,413.9 crore for the fourth quarter ended March 31 on the back of lower expenses.business Updated: May 27, 2013 21:18 IST
State-owned Coal India (CIL) on Monday reported almost 35% rise in the consolidated net profit at Rs. 5,413.9 crore for the fourth quarter ended March 31 on the back of lower expenses.
The company's net profit in January-March quarter last fiscal stood at Rs. 4,013 crore, the company said in a filing to BSE.
The consolidated net sales of the PSU during the quarter also went up from Rs. 19,904 crore to 19,418 crore over the corresponding period of FY'12, the statement added.
The total expenses of the company during the period came down to Rs. 14,225 crore from Rs. 16,021 crore in Q4FY'12, it said.
Employee benefit expenses of CIL during the quarter reduced to Rs. 7,469 crore over Rs. 9,465 crore over the same quarter in FY 2011-12.
The consolidated net profit of the PSU for the year ended March 31, 2013 also went up to Rs. 17,356 crore against Rs. 14,788 crore in the previous fiscal.