Coal India Ltd.'s consolidated net profit rose 25.8% in the fourth quarter of fiscal 2024, surpassing analysts' estimates.
The state-run coal producer posted a profit of Rs 8,640.45 crore in the January–March period, according to an exchange filing on Thursday. Analysts tracked by Bloomberg had a consensus estimate of Rs 7,617 crore.
Coal India Q4 FY24 Highlights (Consolidated, YoY) Revenue down 2% at Rs 37,410.39 crore (Bloomberg estimate: Rs 36,909 crore). Ebitda up 21.5% at Rs 11,337.6 crore (Bloomberg estimate: Rs 10,132 crore).
Ebitda margin at 30.3% vs 24.46% (Bloomberg estimate: 27.5%). Net profit up 25.8% at Rs 8,640.45 crore (Bloomberg estimate: Rs 7,617 crore).
