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

By Economic Times Markets · Published by Everything Blog

In short

Coal India's second-quarter earnings gained momentum from a 21% increase in revenue from operations, reaching ₹44,179 crore on the back of higher product sales. Total income similarly increased by 21% to hit ₹46,833 crore, outpacing a 17% expansion in total costs. Additional gains from joint ventures and other income streams also cushioned the bottom line against higher quarterly tax obligations.

Key points

Stronger earnings from core product sales successfully outpaced the double-digit rise in…: Stronger earnings from core product sales successfully outpaced the double-digit rise in total operational costs.
Complementary income sources and joint venture profits provided valuable supplementary su…: Complementary income sources and joint venture profits provided valuable supplementary support to total earnings.
Elevated tax expenses of ₹2,181 crore did not prevent significant bottom-line growth for…: Elevated tax expenses of ₹2,181 crore did not prevent significant bottom-line growth for the miner.

Sources checked by our analysis pipeline: 1

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.

Read more: IndiGo Q2 Results: Loss narrows YoY to Rs 1,879 crore; revenue rises 26%

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.

Read more: Trent Q2 Results: Cons profit jumps 25% YoY to Rs 468 crore; revenue climbs 22%

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

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In short

Key Points

Stronger earnings from core product sales successfully outpaced the double-digit rise in…: Stronger earnings from core product sales successfully outpaced the double-digit rise in total operational costs.
Complementary income sources and joint venture profits provided valuable supplementary su…: Complementary income sources and joint venture profits provided valuable supplementary support to total earnings.
Elevated tax expenses of ₹2,181 crore did not prevent significant bottom-line growth for…: Elevated tax expenses of ₹2,181 crore did not prevent significant bottom-line growth for the miner.

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Business

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AI Analysis

Tone

Positive

In short

Key Points

Stronger earnings from core product sales successfully outpaced the double-digit rise in…: Stronger earnings from core product sales successfully outpaced the double-digit rise in total operational costs.
Complementary income sources and joint venture profits provided valuable supplementary su…: Complementary income sources and joint venture profits provided valuable supplementary support to total earnings.
Elevated tax expenses of ₹2,181 crore did not prevent significant bottom-line growth for…: Elevated tax expenses of ₹2,181 crore did not prevent significant bottom-line growth for the miner.

Topics

Business

Was this summary useful?

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

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