Coal India shares jump nearly 5 pc post Q4 earnings

CIL on Monday reported an 11.1 per cent rise in consolidated net profit to Rs 10,839.18 crore in the March quarter, driven by higher revenue. In a filing to the BSE, the Maharatna firm said its revenue from operations rose to Rs 46,490.03 crore from Rs 43,961.56 crore in the corresponding quarter of the previous fiscal year.

Shares of state-owned CIL on Tuesday climbed nearly 5 per cent in morning trade after the firm reported an 11.1 per cent rise in consolidated net profit in the March quarter. The stock jumped 4.63 per cent to Rs 473.90 on the BSE. On the NSE, it surged 4.72 per cent to Rs 473.90 apiece. CIL on Monday reported an 11.1 per cent rise in consolidated net profit to Rs 10,839.18 crore in the March quarter, driven by higher revenue. Coal India Ltd (CIL) logged a consolidated net profit of Rs 9,751.64 crore in the year-ago period. In a filing to the BSE, the Maharatna firm said its revenue from operations rose to Rs 46,490.03 crore from Rs 43,961.56 crore in the corresponding quarter of the previous fiscal year. The consolidated expenses of the company during the fourth quarter of the previous fiscal year rose to Rs 37,107.07 crore compared to Rs 34,999 crore in the year-ago period, CIL said in a regulatory filing.