Coal India stock rises after stellar Q3 earnings

15 Feb 2022 , 12:42 PM

On the back of higher revenue, govt-owned Coal India posted a whopping 47.7% rise in consolidated net profit to Rs4,558.39cr for the quarter ending December 2021 (Q3FY22) against Rs3,085.39cr in the corresponding period of the previous year.

That said, the top-line front (consolidated revenue from operations) of Coal India jumped to Rs28,433.50cr in the quarter under review against Rs23,686.03cr in the Q3 of FY21.

In Q3FY22, Coal India’s consolidated expense also rose to Rs22,780.95 crore compared to Rs19,592.57 crore in a similar quarter last year.

At around 12.41 pm, Coal India was trading at Rs163.05  per piece up by 0.8% on BSE. The stock has touched an intraday high of Rs164.85 per piece.