Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
1-min read

Coal India Shares Jump 4% After Q4 Profit Beats Estimates

Coal India’s consolidated sales rose 7.9% year-on-year to Rs 26,704.2 crore during the March quarter.

Trending Desk

Updated:May 31, 2019, 1:46 PM IST
Coal India Shares Jump 4% After Q4 Profit Beats Estimates
A worker sprays water over piles of coal as a bulldozer shifts coal at Mundra Port Coal Terminal in Gujarat. (Image: Reuters)

Shares of Coal India jumped 4% to Rs 263 apiece in early trade on Friday after the coal miner posted a consolidated net profit of Rs 6,024.23 crore for the fourth quarter ended March (Q4), a jump of 362% over Rs 1,302.63 crore profit in the year-ago quarter. Coal India’s consolidated sales rose 7.9% year-on-year to Rs 26,704.2 crore during the March quarter. The company closed 2018-19 with a 148% rise in its post-tax profit to Rs 17,462.2 crore, while consolidated total revenue increased 15% to Rs 1.05 lakh crore during the last fiscal.

All the subsidiaries of CIL earned profits during the year. CIL produced 606 million tonnes of raw coal during the year against 567.4 million tonnes in 2017-18. Offtake stood at 608.1 million tonnes against 580.3 million tonnes.

Employee cost dropped by Rs 3,851 crore in 2018-19. The company executives said this was mainly on account of the Rs 7,000 crore one-time provision that had to be made in 2017-18 due to the rise in gratuity ceiling.

After the earnings, Citi gave a ‘buy’ rating on Coal India, raising target price to Rs 320 from Rs 300 per share. Citi said the company offers an attractive dividend yield, adding that it values Coal India at a premium given its resource base and limited exposure to global volatility.

CLSA also maintained its ‘buy’ rating on the Coal India stock with a target price of Rs 290 compared to Rs 275 earlier. The brokerage firm said the March quarter operating income was higher than estimate, led by better-than-expected realisations, though it now expects flattish earnings per share over FY19-21.

Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
Indiabulls Hsg 639.05 4.38
Reliance 1,283.50 -0.82
BEML 924.55 1.47
SBI 359.90 0.49
HDFC Bank 2,481.00 0.53
Company Price Change %Gain
Shriram Trans 1,100.20 0.02
Nestle 11,700.40 -0.85
Reliance Infra 58.85 -3.45
IDFC 35.10 -0.71
BEML 924.45 1.45
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 623.40 1.82
Eicher Motors 19,490.00 1.77
M&M 655.10 1.80
Tata Motors 163.65 1.58
Bharti Infratel 275.60 1.62
Company Price Change %Gain
M&M 654.60 1.76
Tata Motors 164.05 1.83
Axis Bank 799.70 1.36
IndusInd Bank 1,454.20 1.32
HUL 1,785.45 1.38
Top Losers
Company Price Change %Gain
Tech Mahindra 705.55 -1.75
Adani Ports 409.75 -1.25
UPL 948.90 -1.00
Bharti Airtel 342.20 -0.97
Dr Reddys Labs 2,560.70 -0.71
Company Price Change %Gain
Power Grid Corp 207.75 -1.00
Bharti Airtel 342.15 -0.93
Reliance 1,283.65 -0.84
Yes Bank 112.40 -0.62
ITC 276.55 -0.29

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results