CIL Q3 profit falls 14% on 8% drop in sales on year

Coal Insights Bureau

Coal India's consolidated net profit has dropped 14.1 percent during the October-December quarter to Rs 3923.87 crore due to poor offtake which has fallen 7.8 percent in net sales to Rs 21566.41 crore on year-on-year basis.

Realisations

Average realisation from FSA sales were higher by 6 percent on year at Rs 1,411 per ton due to higher non-power segment sales and better grade realized even though FSA volumes declined 6 percent to 127.7 million tons. FSA realization was almost flat in quarter while e-auction realization