Market News
3 min read | Updated on January 28, 2025, 08:26 IST
SUMMARY
Coal India Ltd (CIL) on Monday reported a 17.4% decline in consolidated net profit at ₹8,491.22 crore for the quarter ended December 31, 2024, on the back of lower sales. The filing said sales during October-December FY25 dropped to ₹32,358.98 crore from ₹33,011.11 crore logged a year ago.
At 8:12 AM, the GIFT NIFTY futures were trading at 22,939.50, up 19 points, or 0.08%. | Image: Shutterstock
At 8:12 AM, the GIFT NIFTY futures were trading at 22,939.50, up 19 points, or 0.08%. This implies that the NIFTY50 index will open 93 points higher.
The filing said sales during October-December FY25 dropped to ₹32,358.98 crore from ₹33,011.11 crore logged a year ago.
Total expenses of the coal behemoth during the third quarter rose to ₹26,201.55 crore from ₹25,132.87 crore earlier.
CIL accounts for over 80% of the domestic coal output.
The company had posted a consolidated net profit of ₹522.14 crore in the year-ago period.
The consolidated income declined to ₹53,869.33 crore in the October-December period from ₹55,539.77 crore in the corresponding quarter of the previous fiscal, according to an exchange filing by Tata Steel.
Total expenses of Tata Steel dropped to ₹52,118.09 crore over ₹53,351.13 in the year-ago period.
Its revenue from operations dropped 17.09% to ₹12,227 crore against ₹14,747 crore in the year-ago period. Petronet LNG's revenue fell 6% quarter-on-quarter from ₹13,021.8 crore.
Its revenue from operations also rose nearly 26% on-year to ₹2,448.86 crore. The company had earlier reported a revenue of ₹1,946.18 crore in Q3 of the previous financial year.
Its net interest income (NII) increased by 25% to ₹806 crore from ₹645 crore in Q3 FY24.
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