Coal India reports 57% rise in net profit to Rs 6,547 crore in Q2

New Delhi: State-owned Coal India Ltd reported a 57% year-on-year rise in consolidated net profit to ₹6,547 crore for the quarter ended September, compared with ₹4,167 crore in the corresponding quarter last year.

Revenue from operations increased 21% to ₹44,179 crore from ₹36,553 crore a year earlier, driven by higher revenue from the sale of products. Total income rose 21% to ₹46,833 crore from ₹38,694 crore.

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The company's total expenditure rose 17% to ₹38,398 crore during the quarter from ₹32,911 crore in the year-ago period.

Coal India's share of profit from joint ventures increased to ₹294 crore from ₹209 crore, while other income rose 24% to ₹2,654 crore from ₹2,140 crore.

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Tax expenses increased to ₹2,181 crore during the quarter from ₹1,825 crore a year earlier.