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

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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]
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