Coal India(NSE: COALINDIA) reported its second-quarter 2022 results today.
The company reported a consolidated net profit of ₹2,936 crores for the quarter ended September, which was lower than analysts had predicted.
Coal India’s consolidated revenues from operations grew by 10.1% on-year to ₹23, 291.1 crores. The company’s consolidated operating margin in the quarter reduced to 16.93% per cent from 18.79% in the year-ago quarter because of higher contractual expenses.