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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MP: 7-year-old girl raped and murdered; minor relative detained
Barwani (MP), Jan 28 (PTI) Police on Wednesday detained a 17-year-old relative of a seven-year-old girl in Barwani district of Madhya Pradesh for allegedly raping her and killing her by throwing her into a canal, a police official said.
Superintendent of Police Jagdish Dawar told reporters that the body of the child was recovered from the Indira Sagar Canal on January 26, following information from residents of a village in the Rajpur police station area of the district.
He said the post-mortem report concluded severe injuries to the girl’s private parts and attributed her death to drowning.
Dawar said a 17-year-old boy, a close relative of the girl, has been detained in connection with the rape-murder.
The teenager told the police that he kidnapped the girl from her home on the night of January 25 while her family members were asleep, took her to a nearby canal and raped her, according to the official.
When the girl started screaming during the sexual assault, the minor boy allegedly threw her into the canal, with the intention of killing her. The child drowned in the water body, the official said.
The detained minor will be produced in a juvenile court.
A case has been registered under the Protection of Children from Sexual Offences Act and the Bharatiya Nyaya Sanhita, and an investigation is underway, he added.
