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Coal India's fiscal Q1'20 profit rises YOY on higher income, lower expenses

State-owned Coal India Ltd. on Aug. 13 posted a rise in profit for the first quarter of its fiscal 2020 to 46.30 billion Indian rupees from 37.86 billion rupees the year before.

Total income for the June quarter grew to 260.89 billion rupees year over year from 253.59 billion rupees thanks to an increase in sales to 232.23 billion rupees from 224.08 billion rupees and a drop in expenses to 190.77 billion rupees from 192.72 billion rupees.

Coal production and off-take ticked up on a yearly basis to 136.9 million tonnes and 153.5 Mt, respectively.

As of Aug. 13, US$1 was equivalent to 70.93 Indian rupees.