Coal India consolidated Q4 net up 35% at Rs 5,414 crore
Moneylife Digital Team 27 May 2013
The consolidated net profit of the PSU for the year ended 31 March 2013 also went up to Rs17,356 crore against Rs14,788 crore in the previous fiscal
 
State-owned Coal India (CIL) today reported almost 35% rise in the consolidated net profit at Rs5,413.9 crore for the fourth quarter ended 31 March 2013on the back of lower expenses.
 
The company’s net profit in January-March quarter last fiscal stood at Rs4,013 crore, the company said in a filing with the exchanges.
 
The consolidated net sales of the PSU during the quarter also went up from Rs19,904 crore to Rs19,418 crore over the corresponding period of FY12, the statement added.
 
Total expenses of the company during the period came down to Rs14,225 crore from Rs16,021 crore in Q4 FY12, it said.
 
Employee benefit expenses of CIL during the quarter reduced to Rs7,469 crore over Rs9,465 crore over the same quarter in FY 2011-12.
 
The consolidated net profit of the PSU for the year ended 31 March 2013 also went up to Rs17,356 crore against Rs14,788 crore in the previous fiscal.
 
The income from operations of the company rose to Rs68,302 crore for the year ended 31 March 2013 from Rs62,415 crore in the year-ago period.
 
The company produced 452.2 million tonnes (MT) of coal in FY13 against 435.8 MT in the FY 2011-12.
 
CIL’s offtake also went up to 465 MT in the year ended March 31, 2013 against 433 MT in the year-ago period.
 
Comments
Gopalakrishnan T V
1 decade ago
The company like other well run PSUs do not share the profit with share holders. The IPO was priced very high and investors have not been benefited so far. The rating of any company should also include inter-alia as to how the share holders have been rewarded by the Company on an year to year basis. SEBI has to ensure that Companies do reward the retail shareholders well to attract them to capital market.
Sohil
Replied to Gopalakrishnan T V comment 1 decade ago
The company is paying dividend regularly.i invested during iPo and getting 13.8 rupee dividend at iPo price of 233 which is more than 5% dividend yield.Even at present price it's equivalent to 4.5% dividend yield.It never went ever around IPO price.
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