Coal India Q3 net profit rises 8.85 percent

Last Updated: Wed, Feb 13, 2013 13:50 hrs

Kolkata, Feb 13 (IANS) State-run Coal India Limited Wednesday reported a 8.85 percent rise in net profit for the quarter ended Dec 31, 2012 to Rs.4,395.11 crore from Rs.4,037 crore for the like period a year ago.

The world's largest coal miner registered a 6.20 percent increase in profit before tax to Rs.6,233.81 crore.

Coal offtake for the period under review stood at 120.45 million tonnes, recording a 9.23 percent year-on-year growth.

"The entire growth in profit has come on account of volume growth as there was no hike in prices," said Coal India Chairman and Managing Director (CMD) S. Narsing Rao.

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