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Covid disruptions: Coal India net profit declines 32% in FY21

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During the two months of this fiscal, the non-power sector primarily drove the upward trend accounting for 50% of the total booked quantity of 21.5 MT.The outcomes are an end result of all doable elements arising out of the Covid-19 pandemic, a CIL official stated.

State-run Coal India’s internet revenue fell above 32% at Rs 7,640 crore on a complete earnings of Rs 93,818 crore in FY21. The PSU coal miner had booked a internet revenue of Rs 11,280 crore on a complete earnings of Rs 1,02,525 crore in FY20.

The corporate posted a internet revenue of Rs 2,474.55 crore for the fourth quarter, whereas whole complete earnings for the quarter was at Rs 4,365 crore.

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The outcomes are an end result of all doable elements arising out of the Covid-19 pandemic, a CIL official stated.

Gross sales income in FY21 was down 7.45% at Rs 82,710 crore in contrast with Rs 89, 373 crore in FY20 as each manufacturing and offtakes had been down by 6 MT and seven MT at 596 MT and 574 MT, respectively, in contrast with FY20. Apart from, the CIL board really useful a last dividend of Rs 3.50 per share.

The interim dividends resulted in an outgo of Rs 4,622 crore and Rs 3,081.37 crore, respectively. An interim dividend of Rs 7,395 crore was paid in FY20 on the charge of Rs 12 per share.

The corporate reported a median per tonne value realisation of Rs 1,391.73 from FSA provides, whereas e-auction value realisation was Rs 1,752.03 per tonne.

The earnings per share for the fiscal dropped to Rs 12.40 from Rs 18.31 within the earlier fiscal. For the fourth quarter of the fiscal below assessment, it dropped to Rs 4.20 from a stage of Rs 17.25 throughout the corresponding interval a 12 months in the past.

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