Coal India net profit down 52% in Q4

Vartha Bharati | 29-05-2018 | 18:18:00 IST

Kolkata, May 29: Coal India on Tuesday reported a 52 per cent fall in its consolidated net profit to Rs 1,295.34 crore during the quarter ended March 31, 2018, as compared to Rs 2,718.8 crore in the year-ago period.

Its revenue from operations during the quarter under review was at Rs 26,909.17 crore, up by 8.28 per cent from Rs 24,851.46 crore in the corresponding quarter of 2016-17.

However, the miner said post applicability of Goods and Services tax (GST) from July 1, 2017, "revenue from operations are disclosed net of GST". Accordingly, the revenue from operations and total expenses for the quarter are not comparable with the corresponding period of previous fiscal.

The company's total expenses during the March quarter stood at Rs 27,757.18 crore as against Rs 22,352.75 crore in the same quarter of previous fiscal.

Its employee benefits expense increased sharply to Rs 16,653.86 crore in the fourth quarter of 2017-18 as compared with Rs 9,240.67 crore in the same period last year.

Employee benefits expense for the quarter includes a provision of Rs 646.87 crore towards pay revision of the executive employees.

The coal behemoth produced 183.45 million tonnes during January to March period of 2017-18 and its off-take during the period was at 158.86 million tonnes.

The miner also reported a 24 per cent fall in its consolidated net profit for the financial year 2017-18 to Rs 7,020.22 crore as compared to Rs 9,279.77 crore in 2016-17.

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Baloch Liberation Army strikes 51 sites across Pakistan, proclaims ‘new order’ in South Asia

12-05-2025 ¦ 12-05-2025 IST

Image credit: X

Balochistan: In an unprecedented escalation, the Baloch Liberation Army (BLA) has claimed responsibility for a major offensive comprising 71 coordinated attacks across more than 51 locations in what it refers to as "occupied Balochistan." The group has declared that a "new order has become inevitable" in South Asia, issuing a stark warning of impending regional transformation.

According to the BLA, the targets included Pakistani military convoys, intelligence centers, and mineral transport operations. The outfit described the attacks as a demonstration of tactical capability aimed at testing military coordination, ground control, and defensive readiness in anticipation of more organized future warfare.

Rejecting allegations of being a foreign proxy, the BLA asserted its independent agency, calling itself a “dynamic and decisive party” in the region's evolving strategic landscape. “The BLA is neither a pawn nor a silent spectator,” said BLA spokesperson Jeeyand Baloch. “We have our rightful place in the current and future military, political and strategic formation of this region.”

The BLA further criticized Pakistan for what it described as duplicitous peace overtures, calling such gestures “a deception, a war tactic and a temporary ruse.” The group warned India and the international community against being misled by what it termed Pakistan’s “deceptive peace rhetoric.”

Pakistan's Inter-Services Intelligence (ISI) also came under sharp attack in the BLA’s statement, which accused the agency of sponsoring terrorism. “Pakistan has become a nuclear state of violent ideology,” the statement read, citing links to global terror groups like Lashkar-e-Taiba, Jaish-e-Mohammad, and ISIS.

The group appealed for international support, particularly from India, seeking political, diplomatic, and defense assistance to end what it called “the terrorist state.” It argued that such support could lead to the establishment of a “peaceful, prosperous and independent Balochistan.”

The BLA warned that Pakistan's continued trajectory poses a threat to global security. “The control of nuclear weapons by a fanatical military establishment is a ticking time bomb, not only for the region but for the world,” it stated.

In response, Pakistan’s Army Chief, General Asim Munir, downplayed the scale of the unrest, suggesting it was driven by no more than 1,500 individuals.