Coal India net profit down 52% in Q4
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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Rajasthan: Nursing student found dead with slit throat in Khairthal-Tijara district; accused held
Jaipur (PTI): A 20-year-old nursing student was found murdered with her throat slit in a rented room in Khairthal-Tijara district of Rajasthan, police said on Saturday.
The incident took place in a residential building in front of Mundawar police station on Friday afternoon, they said.
The accused, Upendra Kumar (21) from Haryana's Mahendergarh, was arrested while trying to flee the spot.
The father of the deceased alleged that his daughter was kidnapped, raped and then killed.
The incident sparked outrage among local residents, who blocked the main road for about 30 minutes before police dispersed them.
Police said the accused lived in the same rented premises.
Mundwar Station House Officer Ramniwas Meena said Upendra Kumar has been arrested based on complaint filed by the deceased woman's father.
Meanwhile, Leader of Opposition Tikaram Jully termed the murder proof that women remain highly unsafe in Rajasthan and accused the BJP government of turning a blind eye to such crimes.
"It is being proved that women are extremely unsafe in Rajasthan. A nursing student was abducted, raped and brutally murdered by slitting her throat in Mundawar. People are outraged but the BJP government has shut its eyes and ears to everything," he said.
