Coal India has posted a 50 per cent rise in net profit in the October-December quarter of 2018-19. Better realisations from the sale of coal both through auction and fuel supply agreements have propelled the earnings of the public sector miner.
The consolidated net profit of the public sector miner for the quarter was Rs 4,566.81 crore against Rs 3,042.68 crore in the corresponding quarter previous year.
Coal India shares jumped 1.92 per cent to Rs 222.95 on the Bombay Stock Exchange in expectation of better results, which were announced in the evening with analysts predicting bottomline growth.
