Coal India's Q1 Profit Dwindles by 55 Percent

Hit by Covid-19 pandemic, Coal India, India's largest coal mining company has reported 55.1 percent year-on-year (YoY) decline in consolidated profit at Rs 2,077.5 crore in the April-June quarter. The company’s profit in same period last year stood at Rs 4,630 crore. Consolidated revenue from operations plunged 25.9 percent YoY to Rs 18,487 crore in the quarter ended June 2020, as offtake reduced by 21.5 percent to 120.42 million tonnes YoY.

Raccontata datheindustryoutlook.com