Coal India shares end over 3 pc higher post Q4 earnings

Shares of state-owned CIL on Tuesday ended over 3 per cent higher after the firm reported an 11.1 per cent rise in consolidated net profit for the March quarter. The stock ended at Rs 466.95, up 3.10 per cent on the BSE. During the day, it jumped 4.63 per cent to Rs 473.90. On the NSE, the stock climbed 3.20 per cent to end at Rs 467. During the day, it surged 4.72 per cent to Rs 473.90 apiece. In traded volume terms, 18.44 lakh shares of the firm were traded at BSE and 267.32 lakh shares on the NSE during the day. 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.

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