The quarter 1 results showcased by India’s PSU Coal India Limited) CIL) indicates that there has been a 10% year-on-year decline in its net profit which stood at ₹7,941 crore during the quarter ending June 2023 down from ₹8,834 crore reported during the corresponding quarter last year. 

The net sales of the company grew marginally to ₹33,072.6 crore during the quarter under review from ₹32,497.9 during Q1FY23. 

Sequentially, Coal India's net profit jumped 43% from ₹5527.6 crore during the quarter ending March 2023.

Out of the total sale of ₹33,072.6 crore during the quarter, ₹31,757 crore came from the net sales of raw coal. The quantity of raw coal sold was 183.6 million tonnes and the average realization was ₹1,729.53 per tonne. 

The amount realized from the sale of 2.08 million tonnes of washed coal was ₹916.5 crore with average realization coming at ₹4,405.3 per tonne, the Coal India said.

Coal India has a market capitalization of ₹143,591.57 crore. The 52-week high for the stock is ₹263.3 and the 52-week low is ₹205.5. The stock had a BSE volume of 244,023 shares.

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