Coal India's Q2 net profit declines by 77% to Rs 600 crore

Coal India on Tuesday reported consolidated net profit of Rs 600.44 crore for the second quarter September 30, 2016, registering decline of 77.37% year-on-year (yoy) and 80.41% quarter-on-quarter (qoq).

Coal mining business increased by 66.20% to Rs 71.91 crore, versus Rs 48.08 crore a year ago same period. Photo: Reuters

State-owned Coal India on Tuesday reported consolidated net profit of Rs 600.44 crore for the second quarter September 30, 2016, registering decline of 77.37% year-on-year (yoy) and 80.41% quarter-on-quarter (qoq).

While consolidated total income from operations stood at Rs 16,212.55 crore, decreasing by 7.30% yoy and 11.99% qoq.

The company's other income of Rs 1412.54 crore this Q2, was sequentially down by 0.23% on yoy basis but was up by 24.93% on qoq basis.

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On standalone front, the coal produce's net profit was at Rs 1097.57 crore versus Rs 3.68 crore of Q1FY17 and Rs 1245.77 crore of Q2FY16. And that of total income stood at Rs 81.24 crore,increasing by 66.88% yoy and 250.77% qoq.

On segment wise revenue breakup, coal mining business increased by 66.20% to Rs 71.91 crore, versus Rs 48.08 crore a year ago same period. While other incentives activiter were at Rs 1138.45 crore, down by 5.59% yoy.

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