Coal India Q3 Outcome: Authorities firm’s revenue declined by 17% in December quarter, shares fell by 2% – INA NEWS
Coal India December Quarter Outcomes: The online consolidated revenue of presidency firm Coal India Restricted within the October-December 2024 quarter declined by 17.4 p.c on an annual foundation to Rs 8,491.22 crore. The corporate mentioned its income have declined as a result of low gross sales. In the identical quarter a 12 months in the past, the corporate had registered a revenue of Rs 10,291.71 crore. Coal India has instructed the inventory markets that its gross sales through the October-December 2024 quarter declined to Rs 32,358.98 crore on an annual foundation. It was Rs 33,011.11 crore within the December 2023 quarter.
The corporate’s whole bills through the January 2024 quarter elevated to Rs 26,201.55 crore on an annual foundation. A 12 months in the past it was Rs 25,132.87 crore. Coal India Restricted’s share within the nation’s home coal manufacturing is greater than 80 p.c.
Coal India shares fell 2 p.c
Because of falling revenue within the December quarter, Coal India shares closed at Rs 375.40 on BSE with a fall of two per cent on January 27. The market cap of the corporate has reached Rs 2.31 lakh crore. The inventory has fallen 26 p.c within the final 6 months. The federal government held 63.13 p.c stake within the firm until the top of December 2024.
The inventory had seen a 52-week excessive of Rs 544.70 on August 26, 2024 and a 52-week low of Rs 361.30 on January 13, 2025 on BSE. The higher circuit restrict for the corporate’s shares is Rs 421.50 and the decrease circuit restrict is Rs 344.90.
Indian Oil Company Q3 Outcome: Large blow of 77% to revenue in December quarter, shares fell 3%
Lately Achyut Ghatak has taken over the put up of Director (Technical) in Coal India. Ghatak did B. Has changed Veera Reddy. Reddy had retired in August final 12 months. The Maharatna firm had knowledgeable that after Reddy’s retirement, Coal India Chairman P.M. Prasad was holding the extra cost of the put up of Director (Technical). Achyut Ghatak began his profession in 1989 as a Junior Govt Trainee in Western Coalfields Restricted, a subsidiary of Coal India.
Coal India Q3 Outcome: Authorities firm’s revenue declined by 17% in December quarter, shares fell by 2%
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