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Coal India soars on reporting 26% rise in Q4 consolidated net profit
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Coal India is currently trading at Rs. 466.95, up by 13.70 points or 3.02% from its previous closing of Rs. 453.25 on the BSE.
The scrip opened at Rs. 458.45 and has touched a high and low of Rs. 472.65 and Rs. 449.55 respectively. So far 1194526 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 487.75 on 16-Feb-2024 and a 52 week low of Rs. 223.30 on 26-Jun-2023.
Last one week high and low of the scrip stood at Rs. 472.65 and Rs. 449.55 respectively. The current market cap of the company is Rs. 287768.60 crore.
The promoters holding in the company stood at 63.13%, while Institutions and Non-Institutions held 31.71% and 5.16% respectively.
Coal India has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 6.31% rise in its net profit at Rs 3336.22 crore for the quarter under review as compared to Rs 3138.26 crore for the same quarter in the previous year. However, total income of the company decreased by 0.47% at Rs 3700.39 crore for Q4FY24 as compared Rs 3718.03 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 25.78% rise in its net profit at Rs 8640.45 crore for fourth quarter ended March 31, 2024 as compared to Rs 6869.46 crore for the same quarter in the previous year. However, total income of the company decreased by 1.78% at Rs 39654.50 crore for Q4FY24 as compared Rs 40371.51 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 6.52% rise in net profit at Rs 15766.83 crore as compared to Rs 14802.31 crore for the previous year. Total income of the company increased by 2.09% at Rs 16848.76 crore for year under review as compared to Rs 16503.14 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 17.80% rise in its net profit at Rs 37369.13 crore as compared to Rs 31722.98 crore for the previous year. Total income of the company increased by 3.79% at Rs 150293.06 crore for year under review as compared to Rs 144811.72 crore for year ended March 31, 2023.
