State-run Coal India (CIL) announced its consolidated
results for the quarter and year ended March 31, 2012. Hit by stagnant volumes
and a steep increase in wage bills, the group's net profit in the fourth
quarter of 2012 declined little below 5% to Rs 4013.41 crore as compared to Rs
4220.92 crore in the previous year. The coal miner had earlier this year
reversed a price increase under pressure from power producers.
However, it's net sales increased 29% to Rs 19,418 crore from
15,016 crore during the period under review. Total income increased from Rs
16485.69 crore in the quarter ended March 31, 2011 to Rs 21746.94 crore in
Jan-March quarter of 2012.
As far as consolidated annual results are concerned, Coal
India's net profit stood at Rs 14788.20 crore
for the year ended March 31, 2012 as compared to Rs 10867.35 crore a
year ago. During the same period, consolidated total income rose to Rs 69952.33
crore against Rs 55101.42 crore in March 31, 2011.
CIL's had posted a 11.7% dip in standalone net profit at Rs
1223.5 crore for the quarter ended March 31, 2012. The company's standalone net
profit for the full fiscal rose to Rs 8,065 crore for the year ended March,
2012 compared to Rs 4,696 crore a year ago.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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