Coal India Ltd.'s fourth-quarter profit rose, beating estimates as finance costs fell and other income jumped.
Net profit of the world's largest miner of the fossil fuel rose 46% year-on-year to Rs 6,692.9 crore in the quarter ended March, according to its exchange filing. That compares with the Rs 5,901.3-crore consensus estimate of analysts tracked by Bloomberg
Coal India Q4 FY22 Highlights (YoY)
Revenue rose 22.5% to Rs 32,706.7 crore, against the estimated Rs 30,194.1 crore. That was driven by higher sales volume over the year earlier.
Operating profit rose 41% to Rs 9,078.82 crore due to lower expenses. Analysts estimated Ebitda at Rs 8,102.5 crore.
Margin stood at 27.8% against 24.1% a year ago and 26.8% projection.
Finance cost declined 22.8% to Rs 120.9 crore.
Other income was 46.1% higher at Rs 1,788. 9 crore.
Offtake rose 9.3% to 180.25 million tonnes.
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