Coal India today said it posted a net profit of Rs 3,262.5 crore for the quarter ended December 31, 2014, down 16.2 percent as compared to Rs 3894.09 crore for the quarter ended December 31, 2013.
Total income increased 4.9 percent from Rs 16,928 crore to Rs 17,762 crore. A CNBC-TV18 poll of analysts had forecast the company to clock profit of Rs 3,640 crore on revenues of Rs 17,650 crore.
Consolidated EBITDA stood at Rs 3,480 crore, compared to a poll of Rs 3,902 crore, and down 15.2 percent from Rs 4,104 crore year-on-year. The company’s coal production grew 10.9 percent YoY to 131.64 million tonne, during the quarter. Offtake stood at 124.57 mt.
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