Coal India reports 17% drop in net profit; Indian Oil by 77% for Q3FY25
Coal India reported a 17 per cent drop in consolidated net profit to Rs 8,505.57 crore for the third quarter (Q3) of the financial year 2024-25 (FY25).
State-run Coal India Ltd.’s quarterly profit grew by 14.2 per cent, higher than expected due to lower tax expenses.
Net profit rose 14.2 percent year-on-year to Rs 3,522.7 crore, the world’s largest coal miner said in a report.
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The company’s net profit stood at ₹3,084.54 crore in the year-ago period, it said in a regulatory filing.
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Its total income, however, declined to ₹22,012.94 crore in the July-September quarter of financial year 2019-20 from ₹23,486.35 crore in the corresponding period of previous fiscal.
Despite the fall in total income, Coal India’s net profit increased as its tax outgo declined significantly to ₹754.25 crore from ₹2,031.71 crore in the year-ago quarter.
(With input from agencies)
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