Coal India Q1 Results: This year there has been a scorching heat in the country, due to which there has been a lot of demand for electricity, so it has also affected the results of the world’s largest coal company Coal India. Coal India has presented excellent results. Coal India has announced the declaration of results for the first quarter of 2022-23. And in this quarter, Coal India has made a profit of Rs 8,834.22 crore. Which is 178.31 percent more than the first quarter of 2021-22 last year. In the first quarter of 2021-22, Coal India had a profit of Rs 3,174.15 crore.
In the first quarter of 2022-23, the revenue of Coal India has been Rs 35,092.17 crore. Which is 38.79 percent more than the same quarter last year. In the first quarter of 2021-22, the revenue of Coal India has been Rs 25,282.75 crore. This has been disclosed by the information given to the stock exchanges of Coal India.
According to Coal India, coal production in the first quarter of 2022-23 has been 159.75 million tonnes. Whereas in the same quarter last year, the production was 123.98 million tonnes.
The results of Coal India have come after the closure of the market. Coal India’s stock saw good growth in Wednesday’s trading session and the stock closed at Rs 220 with a gain of 2 per cent. The performance of Coal India’s stock has been the best in the metals and mining sector. The stock of Coal India has given a return of 42 per cent in the current year.
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