Coal India gains after Q4 results

Coal India rose 1.73% to Rs 305.95 at 9:26 IST on BSE after net profit jumped 89.66% to Rs 2320.61 crore on 21.1% decline in net sales to Rs 121.93 crore in Q4 March 2013 over Q4 March 2012.

The company announced its Q4 results after market hours on Monday, 20 May 2013.

Meanwhile, the BSE Sensex was up 9.65 points, or 0.05%, to 20,233.63.

On BSE, 45,000 shares were traded in the counter as against an average daily volume of 2.45 lakh shares in the past one quarter.

The stock hit a high of Rs 306.90 and a low of Rs 304.50 so far during the day. The stock had hit a 52-week low of Rs 291.20 on 19 March 2013. The stock had hit a 52-week high of Rs 386 on 17 September 2012.

The stock had underperformed the market over the past one month till 20 May 2013, rising 0.50% compared with the Sensex's 6.35% rise. The scrip had also underperformed the market in past one quarter, sliding 12.22% as against Sensex's 2.96% rise.

The large-cap state-run company has an equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

Coal India's net profit rose 21.4% to Rs 9794.32 crore on 15.3% decline in net sales to Rs 352.25 crore in the year ended March 2013 over the year ended March 2012.

The board of Coal India has recommended a final dividend of Rs 4.30 per share for the financial year ended March 2013.

Coal India will declare its consolidated results for the year ended 31 March 2013 on 27 May 2013.

Coal India is the largest coal producer in the world.

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