Wednesday, 30 May 2018

Coal India rises 4% post Q4 show; brokerages upbeat on better price hike realisations

The company reported a fall of over 52 percent in the net profit for March quarter at Rs 1,295 crore. A steep increase in its gratuity payout/employee benefit expenses at Rs 16,654 crore dragged its results. Coal India’s shares gained over 3.5 percent in the morning trade on Wednesday. Investors reacted to the results for March quarter posted by the firm, which included a one-time gratuity payout.

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