Coal India shares jump 5% after strong Q3 show
On the BSE, the stock of the company rose 4.72 per cent at Rs 453.50 per piece.
In broader equity markets, the 30-share BSE Sensex advanced 417.75 points or 0.59 per cent to 71,490.24 points, while NSE Nifty rose 0.36 per cent to 21,694.20 points.
In a regulatory filing on Monday, Coal behemoth CIL reported a 16.9 per cent rise in consolidated net profit to Rs 9,069.19 crore for the December quarter.
The company’s net profit stood at Rs 7,755.55 crore in the year-ago period, the company said.
Its consolidated revenue from operations in the October-December period increased to Rs 36,153.97 crore from Rs 35,169.33 crore a year-ago, it added. CIL accounts for over 80 per cent of domestic coal production.
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