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Net sales rose 1.8% year on year (YoY) to Rs 33,072.64 crore in the quarter ended 30 June 2023.
Profit before tax (PBT) in Q1 FY24 stood at Rs 10,712.33 crore, down 11.3% from Rs 12,077.38 crore reported in the same period last year.
Consolidated coal production (raw coal) increased 9.84% to 175.476 million tonnes (MT) in Q1 FY24 as against 159.753 MT posted in Q1 FY23. Meanwhile, offtake (raw coal) increased by 5.33% to 186.950 MT in Q1 FY24 as compared to 177.490 reported in the corresponding quarter previous year.
Average price realization stood at Rs 1,768.74 per ton in the first quarter of the financial year 2023-24.
Total expenses rose by 11.51% to Rs 26,745.68 crore in Q1 FY24 from Rs 23,985.31 crore in Q1 FY23.
Coal India is a coal mining company engaged in the production and sale of coal. As of 30 June 2023, the Government of India held 66.13% stake in the company.
The scrip rose 0.96% to currently trade at Rs 232.45 on the BSE.
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