Coal India net profit rises 22.28 percent to Rs 4629.87 cr

KOLKATA. Despite flat sales volume, higher prices drove the Coal India's sales revenue to rise by 3.64 per cent to Rs 23,223 crore Higher despatches to the non-power sector coupled with an increase in washed coal prices helped Coal India post a 22.28 per cent rise in its net profit for the quarter ended June 30, 2019, at Rs 4,629.87 crore. 
 
The company's net profit during the corresponding quarter of the last fiscal year stood at Rs 3,786.44 crore. Despite flat sales volume, higher prices drove the company’s sales revenue to rise by 3.64 per cent to Rs 23,223 crore.