Coal India gains in volatile trade after declaring Q4 result

Coal India rose 1% to Rs 386.95 at 09:45 IST on BSE after consolidated net profit fell 4.4% to Rs 4238.55 crore on 2.9% increase in total income to Rs 23067.05 crore in Q4 March 2015 over Q4 March 2014.

The result was announced after trading hours yesterday, 28 May 2015.

Meanwhile, the BSE Sensex was up 114.85 points, or 0.42%, to 27,621.56

On BSE, so far 1.01 lakh shares were traded in the counter, compared with an average volume of 3.58 lakh shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 387.90 and a low of Rs 381 so far during the day. The stock hit a record high of Rs 423.85 on 11 June 2014. The stock hit a 52-week low of Rs 331.60 on 13 October 2014.

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

On a consolidated basis, the company's net profit fell 9.2% to Rs 13726.70 crore on 3.7% increase in total income to Rs 80695.71 crore in the year ended March 2015 over the year ended March 2014.

Coal India's coal production rose 6.88% to 494.24 million tonne in the year ended March 2015 over the year ended March 2014. Coal offtake rose 3.77% to 489.38 million tonne in the year ended March 2015 over the year ended March 2014.

Coal India is an organized state owned coal mining corporate.

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