Coal India Q1 numbers: Shares gain over 3% to touch 52-week high
PremiumCoal India Limited shares gained over 3% on Thursday morning trading to touch 52-week high
Public sector enterprise, Coal India reported gain over 3% to hit a 52-week high in morning trade on Thursday. The company had reported robust June quarter numbers.
The stock opened strong at ₹226.00 Thursday morning on BSE, then gained further to hit a 52-week high of ₹226.10, reflecting a rise of 2.84 per cent over its previous closing price after its June quarter profit almost tripled to ₹8,832.86 crore.
On the NSE, the stock climbed 3.16 per cent to a 52-week high of ₹226.80.
State-owned Coal India Limited (CIL) on Wednesday had posted a 178.65% rise in its consolidated net profit at ₹8,832.86 crore for the April-June quarter (Q1FY23).
The mining giant had posted a net profit of ₹3,169.86 crore in the year-ago period, Coal India Ltd (CIL) said in a BSE filing.
Its revenue from operations during the April-June period increased to ₹35,092.17 crore from ₹25,282.75 crore a year ago, registering a hike of 38.8%.
The company's net sales in the first quarter rose to ₹32,497.9 crore from ₹23,293.65 crore earlier showing a growth of 39.5%.
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Its output in the April-June period rose to 159.75 million tonnes (MT) from 123.98 MT in the corresponding quarter of the previous fiscal.
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