Government-owned Coal India Ltd on February 14 reported a
47.7% year-on-year rise in consolidated net profit to Rs 4,558.39 crore for the
quarter ended on December 31, 2021, on account of higher revenue from
operations. In the year-ago period consolidated net profit was at Rs 3,085.39
crore, Coal India Ltd (CIL) said in an exchange filing to BSE.

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The PSU’s consolidated revenue from operations during the
October-December 2021 (Q3FY22) period increased by 20% to Rs 28,433.50 crore
from Rs 23,686.03 crore in the year-ago period. Consolidated expenses during
the reported quarter rose to Rs 22,780.95 crore from Rs 19,592.57 crore in the
corresponding quarter of the last year.

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CIL said its board of directors approved a second interim
dividend of Rs 5 per share on a face value of Rs 10 per share. The record date
for the same will be February 22 and the dividend will be credited from March
11 onwards.

The company reported earnings before interest, taxes,
depreciation and amortisation (EBITDA) of Rs 6,825 crore for the
October-December period as compared to Rs 5,164.8 crore in the year-ago period.

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For Q3FY22 EBITDA margin stood at 24% against 21.8% in
the corresponding quarter in the year-ago period.

Coal India reported a raw coal production of 163.82 MT in
the December quarter as compared to 156.78 MT in the corresponding quarter of
the previous fiscal. The offtake of raw coal also increased to 173.77 MT, a 13%
year-on-year rise from 154.46 MT in the year-ago period.

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The company said that the average realization per tonne
of coal sold under fuel supply agreements was at Rs 1,369.85 crore, a 1.2%
increase year-on-year. Sales from e-auction in the October-December period
stood at Rs 5,052.97 crore with an average realisation of Rs 1,947.19 per
tonne. Coal India Ltd accounts for over 80% of the total domestic coal output.

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State-owned CIL will pump in over Rs 1.22 lakh crore on
projects related to coal evacuation, exploration and clean coal technologies by
2023-24, to achieve the one billion tonnes of fuel output target as reported by
PTI.

Coal India shares closed 2.9% lower at Rs 161.7 on the
National Stock Exchange.