Public sector enterprise, Coal India, reported a gain of over 3% in morning trade on Thursday to hit a 52-week high. The company had reported strong figures for the June quarter.
Shares open with strength 226.00 on the BSE on Thursday morning, then rose to a 52-week high 226.10, marking a growth of 2.84 per cent over its previous closing price after nearly tripling the June quarter’s profit. 8,832.86 crore.
On NSE, stock climbs 3.16 per cent to 52-week high 226.80.
state ownership Coal India Limited (CIL) had on Wednesday reported a rise of 178.65% in its consolidated net profit 8,832.86 crore for the April-June quarter (Q1FY23).
The mining giant had made a net profit 3,169.86 crore in the year-ago period, Coal India Limited (CIL) said in a BSE filing.
Its revenue from operations increased during the April-June period. 35,092.17 crore from 25,282.75 crore a year ago, registering a growth of 38.8%.
The company’s net sales increased in the first quarter 32,497.9 crore from 23,293.65 crores showing a growth of 39.5% from earlier.
Its production in the April-June period increased to 159.75 million tonnes (MT) from 123.98 MT in the corresponding quarter of the previous fiscal.
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