Coal India signs pact with IRCON International for rail infrastructure development

First Quarter Results

Coal India reported a 20.1% year-on-year decline in consolidated net profit for the June quarter at ₹8,734 crore, compared to ₹10,934 crore a year ago. However, the numbers beat CNBC-TV18 estimates, which had pegged profit at ₹8,005 crore.
Also Read: Coal India ties up with Chhattisgarh mineral body for critical minerals explorationRevenue from operations for the first quarter stood at ₹35,842 crore, down 4.4% from ₹37,503 crore last year, but ahead of the poll estimate of ₹34,990 crore.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) for Q1 came in at ₹12,521 crore, 12.7% lower than ₹14,338 crore in the year-ago period, but comfortably above the forecast of ₹10,850 crore. The operating margin narrowed to 34.9% from 38.2% last year but exceeded street expectations of 31%.

Shares of Coal India Ltd ended at ₹382.05, down by ₹2.65, or 0.69%, on the BSE.

Also Read: Solar Industries wins ₹483 crore order from South Eastern Coalfields for bulk explosives supply