The company's profit before tax stood at Rs 12,077.38 crore in the first quarter, up 178.6% to Rs 4,335.56 crore recorded in the corresponding quarter previous year.

Total expenses grew 13.18% year on year to Rs 27,626.48 crore in the quarter ended 30 June 2022. Cost of raw material consumed soared 65.82% year on year to Rs 3,057.33 crore during the period under review.

Consolidated coal production (raw coal) surged 28.85% to 159.75 million tonnes (MT) in Q1 FY23 as against 123.98 MT posted in Q1 FY22. Meanwhile, offtake (raw coal) jumped 10.63% to 177.49 MT in Q1 FY23 as compared to 160.44 MT reported in the same period last year.

Coal India is a coal mining company engaged in the production and sale of coal. As of 30 June 2022, the Government of India held 66.13% stake in the company.

Shares of Coal India were up 0.52% to Rs 221 on the BSE.