INSUBCONTINENT EXCLUSIVE:
Mining major Coal India on Tuesday reported a 50 per cent jump in consolidated profit at Rs 4,566.71 crore for the quarter ended December
31, beating Rs 3,778 crore net estimated by analysts in an ET Now poll.
The company had posted a profit of Rs 3,042.57 crore in the year ago
period.
Revenue rose 15.38 per cent to Rs 25,045.83 crore against Rs 21,707.04 crore in the same quarter of the previous fiscal.
Coal India
reported an Ebitda of Rs 6,787.70 crore, while Ebitda margin came in at 27.10 per cent.
The company said its coal production for the first
nine months of the ongoing fiscal jumped to 412.44 million tonnes against 383.92 million tonnes in the year ago period.
"During the quarter
ended December 31, the government further divested 3.19 per cent, 2.21 per cent and 0.01 per cent of total equity share capital equivalent
to 33,59,97,714 number of equity shares by way of placement of shares in Bharat 22 ETF, CPSE ETF and OFS, respectively, and post such
meeting held on February 4 had approved a proposal for share buyback of fully paid equity shares of Rs 10 each not exceeding 4,46,80,850
equity shares at a price of Rs 235 per equity share, for Rs 1,050 crore.
