InvestorQ : How were the quarterly results of Coal India for Q1FY23?
Rashi Mehra made post

How were the quarterly results of Coal India for Q1FY23?

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Rashi Mehra answered.
2 months ago
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India’s dominant coal producer, Coal India, reported smart numbers for the June 2022 quarter. Net profits were higher by 179% yoy at Rs8,833 crore. At the same time, the revenues for the Q1FY23 quarter had surged by 39% to Rs35,092 crore. Coal India was also in a position to fetch Rs4,340 per tonne from e-auction of coal; selling almost 21 million tonne via e-auction route in Q1FY23.

Total production of coal at Coal India for the June 2022 quarter was up by 28.9% at 159.75 million tonne (MT) on. Currently, Coal India accounts for over 80% of domestic coal output and is eying one billion tonnes output by FY24. Around 10% market share is cornered by Singareni Collieries in India while the balance is from captive coal mines of leading industry players.

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