Coal India Limited (CIL), the country’s largest coal mining PSU, has reported a 52.8 percent year-on-year growth in consolidated profit at Rs 3,174.1 crore in the quarter ended June 2021 driven by revenue and operating income.Low base in the year-ago period, due to Covid-led nationwide lockdown in 2020, also boosted numbers.
Consolidated revenue from operations increased 36.8 percent year-on-year to Rs 25,282.1 crore in Q1FY22, with offtake (raw coal) rising sharply by 32.8 percent YoY to 160.44 million tonnes.
The PSU produced 123.98 million tonnes of raw coal in Q1FY22, as compared to 121.04 million tonnes of production in the corresponding period last fiscal.
At the operating level, earnings before interest, tax, depreciation and amortisation (EBITDA) in June 2021 quarter grew by 58.7 percent to Rs 4,843.8 crore and margin expanded 270 bps to 19.2 percent compared to year-ago quarter. Both came in below CNBC-TV18 poll estimates of Rs 5,300 crore and 21.7 percent respectively.