Coal India Ltd, a government-owned entity, reported a 12.5% increase in net profit to Rs 6,799.77 crore for the July-September quarter of the current financial year.
This growth is attributed to higher sales compared to the same quarter last year when the company recorded a net profit of Rs 6,043.55 crore.
The consolidated sales for the second quarter increased to Rs 29,978.01 crore from Rs 27,538.59 crore in the corresponding period of the previous year.
Coal India Ltd's earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 12% to Rs 10,121 crore in the second quarter of the current fiscal year, compared to Rs 9,040 crore in the year-ago period.
The EBITDA margin stood at 29.1% in the reporting quarter, showing an improvement from 28.6% in the corresponding period of the previous fiscal year.
The positive financial results highlight the company's performance amid increased sales and operational efficiency.
(With Agency Inputs)
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