Coal India Limited announced its Q1 results on Tuesday, revealing a 10% year-on-year decrease in net profit for the quarter ending June 2023. The net profit stood at ₹7,941 crore, down from ₹8,834 crore reported in the corresponding quarter of the previous year. Despite this, the company experienced a slight increase in net sales, reaching ₹33,072.6 crore during the quarter under review, compared to ₹32,497.9 crore in Q1FY23.
In a sequential comparison, Coal India’s net profit saw a significant 43% surge from ₹5,527.6 crore in the quarter ending March 2023. The company’s other operating income also rose by 12.1% to ₹2,910.5 crore, marking an increase from ₹2,594 crore during the same period in the previous fiscal year.
The company’s Earnings Per Share (EPS) experienced a decline, decreasing from ₹14.33 in Q1FY23 to ₹12.93 in the period under review.
As of now, Coal India holds a market capitalization of ₹143,591.57 crore, with its stock reaching a 52-week high of ₹263.3 and a low of ₹205.5. The stock’s trading volume on the BSE was recorded at 244,023 shares.
On the following day, Wednesday, Coal India’s shares concluded trading at Rs 234.70 on the NSE, marking a 1.93% increase.