Coal India Ltd Net Profit Plunges Slightly to Rupees 3,052.36 Crore

November 14 11:04 2013

coalThursday, November 14 – A slight fall in the consolidated net profit was posted by Coal India Ltd on November 13. The company stated that due to the augment in expenses, its net plunged at rupees 3,052.36 crore for July to September quarter from rupees 3,078.08 crore in the previous year.

Net sales of the world’s largest coal miner grew by 5.75 percent from rupees 14,572.54 crore to rupees 15,411.49 crore. By 8.38 percent, total expenses of the company grew to rupees 13,112.45 crore. Beside, a sum of rupees 6,974 crore were spent by Coal India on employee benefits.

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