Coal India Q4 Profit Rises Marginally To Rs 4,248 Crore

New Delhi: State-owned Coal India Ltd (CIL) has reported a marginal rise in consolidated net profit at Rs 4,247.93 crore for the fiscal fourth quarter that ended on March 31, 2016.

The coal major had posted a net profit of Rs 4,238.55 crore for the corresponding period of financial year 2014-15, it said in a filing to the BSE.

The company's total income increased to Rs 21,402.75 crore in the quarter under review as against Rs 21,339.55 crore in the year-ago period.

Production was up at 165.24 million tonne from 151.86 MT in the year-ago period.

For the entire fiscal year 2015-16, Coal India's consolidated net profit was up 3.9 per cent at Rs 14,274.33 crore, while revenue increased 5.2 per cent to Rs 78,010.12 crore.

On a standalone basis, the company's net profit during the January-March quarter increased 44.8 per cent to Rs 13,950.12 crore, over Rs 9,629.23 crore in the year-ago period.

"The major income of CIL standalone financials is dividend received from subsidiaries," the filing said.

Other income (including dividend from subsidiaries) stood at Rs 14,215.17 crore in the said quarter compared to Rs 9,782.76 crore in the year-ago period, the filing added.

CIL also announced a nearly 6.3 per cent increase in coal prices and said the state-owned company will earn an additional around Rs 3,234 crore in revenue this fiscal year.