Coal India gains over 2% post Q1 earnings

  • PTI, Mumbai
  • |
  • Updated: Aug 14, 2012 11:58 IST

Shares of Coal India today rose by over 2%, a day after the company reported 7.8% rise in consolidated net profit for the first quarter ended June 30.

After opening on a bullish note, shares of the company gained 2.37% to Rs 355.80 on the BSE as the trade progressed.

At the NSE, the stock climbed 2.4%to Rs 356.

The scrip was the top performer among the BSE 30-scrip blue-chip index Sensex, which was trading flat at 1108 hrs.

State-owned Coal India yesterday reported 7.8% rise in consolidated net profit at Rs 4,469 crore in the first quarter ended June 30, on the back of higher sales and e-auction realisation.

It had posted a net profit of Rs 4,144 crore in the year-ago period.

Net sales of the company for the April-June, 2012-13, quarter increased 13.8% at Rs 16,500 crore, as against Rs 14,499 crore in the same period last fiscal.

 

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