This was achieved mainly due to higher output and supplies of coal,according to the CIL’s data.
Net profit for the three months to Dec. 31 rose to 43.95 billion rupees ($816 million) from 40.38 billion rupees a year earlier, the world’s largest coal producer said. Sales rose 13% to 173.25 billion rupees.
The average of estimates in a poll of 12 analysts was for a net profit of 42.20 billion rupees on sales of 168.93 billion rupees.
“The results meet our expectations,” Chairman S. Narsing Rao told the CNBC-TV18 new channel. “We will continue to work on improving coal supplies.”