CIL posts 74% rise in Q2 profit at Rs 2,593 crore

KOLKATA: State-owned Coal India Ltd today reported a net profit of Rs 2,593 crore during the quarter ended September 2011, up by 74 per cent over the corresponding period last year.

The company had posted a net profit of Rs 1,494 crore in the year-ago period.

Announcing the consolidated results, CIL Chairman N C Jha said that the company reported sales of Rs 13,148 crore in the period, 18 per cent higher than that in the corresponding quarter last year.

In the same period last year, it had reported a sales of Rs 11,102 crore.

CIL's production was 80.31 million tonnes during the period under review. The company had produced 90.52 million tonnes during the corresponding period in the previous year.