Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Coal India Ltd    COALINDIA   INE522F01014

COAL INDIA LTD (COALINDIA)

End-of-day quote. End-of-day quote  - 04/29
288.95 INR   +1.35%
04/28 COAL INDIA : CIL's target for coal production during 2016-17 at 598...
04/28 COAL INDIA : No Coal shortage in thermal power plants
04/21 Vodafone invites banks to pitch for $2-2.5 billion Indian IPO - s..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Coal India Limited : Coal India's Fourth-Quarter Unconsolidated Net Falls On Tax Expense

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/18/2012 | 05:03pm CEST

Coal India Ltd. (533278.BY), the world's biggest coal producer, Friday said its fourth-quarter unconsolidated net profit fell 12% from a year earlier as a tax expense more than offset an increase in its substantial non-operating income.

The company said its standalone net profit for the January-March quarter fell to INR12.24 billion from INR13.86 billion a year earlier.

Sales fell about 2% to INR1.55 billion from INR1.58 billion.

Coal India's non-operating income rose 17% to INR15.39 billion. The coal-producer gets a major chunk of its income from interest on its cash reserves worth INR550 billion, which is parked in fixed deposits with various banks, as well as mutual funds.

Coal India, however, incurred a tax expense of INR2.57 billion during the quarter, compared with a gain of INR1.22 billion in the corresponding quarter last year.

-By Anirban Chowdhury, Dow Jones Newswires; 91-22-61456108; anirban.chowdhury@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on COAL INDIA LTD
04/28 COAL INDIA : CIL's target for coal production during 2016-17 at 598.60 mn tonnes
04/28 COAL INDIA : No Coal shortage in thermal power plants
04/26 COAL INDIA : Despite cil's higher production, some developers complain of low co..
04/26 COAL INDIA : Cil coal stock increases to 58 mt as on 1 apr 2016
04/25 COAL INDIA : Mine auctions unlikely in first quarter of this fiscal
04/21 Vodafone invites banks to pitch for $2-2.5 billion Indian IPO - sources
04/20 RAILWAY EXPANSION : L&t, cil top picks
04/19 COAL INDIA : India expects to stop coal imports in 2018-2019
04/19 COAL INDIA : CIL to hold e-auction for power plants next week
04/19 COAL INDIA : To cut prices to take on competition
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials