Coal India shares fall over 3% after Q4 results. Should you buy or sell?
Shares of Coal India (CIL), which is a state-owned Maharatna firm, on Monday fell 3.2% to Rs 230 after the company reported a consolidated net profit of Rs 5,528 crore for the fourth quarter ended March 2023. This is a decline of 18% from Rs 6,715 crore clocked in the corresponding quarter of last fiscal.
However, its revenue from operations stood at Rs 38,152 crore in Q4 FY23, up 17% year-on-year (YoY) as compared to Rs 32,709 crore in Q4 FY22.
