The Kolkata-based Coal India Ltd. reported fourth-quarter stand-alone net profit of Rs.2,320.61 crore, surged by 90 percent than the Rs.1,223.52 crore in Q4FY12, on an increase in other income.
Its earnings per share for the quarter rose by 83 percent to Rs.3.67 from the Rs.2.01 crore in the year-ago quarter.
Its quarterly net sales stood at Rs.121.93 crore, compared with Rs.154.62 crore in the year-ago quarter, reflecting a 21 percent decline.. Other income during the quarter galloped by 71 percent to Rs.2,679.65 crore from the Rs.1,565.58 crore in the corresponding quarter of the preceding year, on account of dividend received from subsidiaries..
During the quarter, the production and off-take of raw coal was 0.22 million ton and 0.21 million ton respectively, compared with 0.30 million tons and 0.28 million tonnes in Q4FY12 respectively
For the fiscal year, the company posted stand-alone net profit of Rs.9,794.32 crore, up by 21 percent from the Rs.8,065.10 crore in 2012. Net sales and other income was Rs.11,440.26 crore, higher by 20 percent than the Rs.9,530.58 crore in the year-ago quarter.
During the year, the production and off-take of raw coal was 0.60 million ton and 0.62 million ton respectively, compared with 0.60 million tons and 0.80 million tonnes last year respectively.
Its board had recommended a final dividend of 43 percent of Rs.4.30 per equity share of Rs.10 each for the fiscal year 2013.
At the BSE, Coal India shares closed Monday's trading at Rs.300.75, up 1.06 percent from the previous close.
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