CIL reports 55 per cent drop in net profits for quarter ended June 2020

Coal India Limited (CIL) reported a 55 per cent drop in its net profit for the quarter ended June to Rs 20.79 billion compared to a net profit of Rs 46.29 billion in the same period of the previous year.

Its revenue from operations dropped 25.9 per cent to Rs 184.86 billion, from Rs 249.38 billion in the corresponding quarter last year. According to CIL, the continuing Covid-19 pandemic has impacted the business of the group adversely.


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