Coal India Q4 consolidated net rises over 4-fold to ₹6,024 cr, beats estimates1 min read . Updated: 30 May 2019, 06:00 PM IST
- The Street estimated net profit at ₹5,063 crore
- Revenue rises 7.5% to ₹28,546 crore
Coal India on Thursday reported a whopping 362% increase in its consolidated net profit at ₹6,024 crore the quarter ended March 2019. It was ₹1,303 crore in the year-ago period.
The consensus forecast for the consolidated net profit was ₹5,063 crore.
The consolidated revenue from operations rose 7.5% to ₹28,546 crore as against ₹26,548 crore in March 2018.
The PAT for the fiscal 2018-19 was ₹17,462 crore, 148% higher than ₹7,038 crore, the figure for the corresponding period of the previous fiscal.
On Thursday, the company's stocks on BSE closed 0.76% higher at ₹252.90 apiece.