Coal India Posts Rs 4,567 Crore Profit In December Quarter3Photo© business-standard.com

Coal India Posts Rs 4,567 Crore Profit In December Quarter

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Coal India Ltd, the world's biggest coal miner, reported a 50.1 per cent jump in third-quarter profit on Tuesday as it benefited from higher coal production.

Its profit for the three months to December reached Rs 4,567 crore ($646.5 million), compared with Rs 3,043 crore a year earlier, the company said.

The figure beat analysts' average estimate of Rs 4,069 crore in profit, according to Refinitiv Eikon data.