Coal India’s shares jumped more than 2% in Thursday’s trading session following the company’s impressive Q1 financial results.
Key Financial Highlights
- Net Profit: Coal India reported a 4.24% increase in consolidated net profit for the quarter ending June 30, 2024, reaching ₹10,943.55 crore. This compares to ₹10,498.39 crore in the same period last year.
- Revenue: The company’s revenue from operations rose 1.3% to ₹36,465 crore in Q1FY25, up from ₹35,983 crore in the previous year.
- Market Expectations: Bloomberg had forecasted a net profit of ₹5,436.1 crore, reflecting a 40% quarter-on-quarter decrease and a 2% year-on-year decline. Revenue was projected at ₹36,792 crore, indicating a 2% increase year-on-year but a 4% decrease quarter-on-quarter. EBITDA estimates were ₹6,807 crore, down 40% QoQ and 1.3% YoY.
Stock Performance
- Share Price: As of 9:30 AM, Coal India’s shares were trading 2.88% higher at ₹537.25 on the NSE.
The strong financial performance and positive market reaction highlight Coal India’s resilience and growth, despite market predictions
