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Coal India gains over 2% post Q1 earnings

PTI  Mumbai, August 14, 2012
First Published: 11:45 IST(14/8/2012) | Last Updated: 11:58 IST(14/8/2012)

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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