Coal India's net profit surges 74%

State-owned Coal India Ltd on Saturdayreported a net profit of Rs 2,593 crore during the quarter ended September2011, up by 74 per cent over the corresponding period last year.

New entry in BT500 - Coal India

The company had posted a net profit of Rs 1,494 crore in theyear-ago period.

Announcing the consolidated results, CIL Chairman N C Jha said that the company reported sales of Rs 13,148 crore in the period, 18 percent higher than that in the corresponding quarter last year.

In the same period last year, it had reported a sales of Rs11,102 crore.

CIL's production was 80.31 million tonnes during the periodunder review. The company had produced 90.52 million tonnes during thecorresponding period in the previous year.