Coal India Q3 Results: Profit Jumps 55% On Higher E-Auction Realisation, Lower Costs

Coal India Ltd.’s third-quarter profit rose meeting estimates on higher e-auction realisation and lower power and employee expenses.

Other Highlights (QoQ)

• Raw coal sales realisation rose 2.6% to Rs 1,457.6 a tonne.

• Total average realisation rose 3.4% to Rs 1,496.7 a tonne.

• Fuel supply agreement realisation declined 0.9% to Rs 1,369.8 a tonne.

• E-auction realisation rose 22.2% to Rs 1,947.2 a tonne.

Shares of Coal India ended 2.9% lower before the results were announced compared with a 3% decline in the benchmark Nifty 50.