State-owned Coal India reported a 12.5% increase in its combined net profit, amounting to Rs 6,799.77 crore for the September quarter, propelled by heightened sales, as stated in a regulatory filing. Comparatively, the company had achieved a net profit of Rs 6,043.55 crore during the same period last year.

The July-September period showed a surge in consolidated sales, reaching Rs 29,978.01 crore, up from Rs 27,538.59 crore a year earlier. However, the company's total expenses rose by 9.3% in the second quarter of the ongoing fiscal, totaling Rs 26,000.05 crore as opposed to Rs 23,770.12 crore in the corresponding period of the previous year.

During the quarter under review, the average realization per tonne of coal, specifically under the Fuel Supply Agreement (FSA) category, stood at Rs 1,541.75. Additionally, the board announced the first interim dividend of Rs 15.25 per share for the fiscal year.

Coal India, a public sector undertaking (PSU) contributing over 80% of the domestic coal output, recorded a production of 157.426 million tonnes in the quarter, a rise from 139.228 MT in the same quarter the previous year. The off-take of raw coal also increased to 173.731 MT, compared to 154.533 MT in the year-ago period.

For the ongoing fiscal year, CIL has set a production and off-take target of 780 MT.