For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Coal India Stock Surges After A Nearly Four-Fold Rise In Q4 Profit

|

After reporting a massive 362 percent increase in its consolidated net profit at Rs 6,024 crore for the quarter ended March 2019, shares of Coal India rallied over 3.9 percent to Rs Rs 151.95, its highest level in over six months.

Coal India Stock Surges After A Nearly Four-Fold Rise In Q4 Profit
 

In the previous year, the company had posted a profit of Rs 1,303 crore for the same period.

Its consolidated revenue from operations was up by 7.5 percent to Rs 28,546 crore as against Rs 26,548 crore in March 2018.

Coal India's EBITDA (earnings before interest, tax, depreciation and amortization) was at Rs 8,212.2 crore compared to Rs 193.34 crore in the corresponding period a year ago. Its margin was reported at 28.7 percent as against 0.7 percent.

For the fiscal year 2018-19, its profit after tax (PAT) was Rs 17,462 crore, which was 148 percent higher than Rs 7,038 crore from the previous year.

Read more about: coal india
Story first published: Friday, May 31, 2019, 12:29 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more