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Coal India Q4 Results: Net profit rises 26% to ₹8,640.5 crore, revenue down 2%; dividend declared
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Coal India Q4 Results: Coal India (CIL) announced its January-March quarter results for fiscal 2023-24 (FY24) on Thursday, May 2, reporting a rise of 26 per cent to ₹8,640.5 crore, compared to ₹6,869.5 crore in the corresponding period last year. The increase in profit was attributed to cost efficiency and benefits from changes in accounting for stripping activities for open-cast mining.
The state-run miner's revenue from operations in the fourth quarter of FY24 rose two per cent to ₹37,410.4 crore, compared to ₹38,152.3 crore in the year-ago period. Coal India accounts for over 80 per cent of the country's domestic coal production.
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