Coal India Ltd. (CIL), on Friday, reported a 11.7 per cent dip in standalone net profit at Rs.1,223.5 crore for the fourth quarter ended March 31, 2012, against Rs.1,385.7 crore in the year-ago period, the company said in a filing to the BSE.
However, for the whole of 2011-12, the standalone net profit went up to Rs.8,065 crore from Rs.4,696 crore a year-ago.
“The increase in the net profit (for the year) can be contributed to increase in dividend paid by the subsidiary companies and interest income,” Chairman and Managing Director, Narsing Rao told PTI.
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