Coal India delivers solid Q3: Key takeaways
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Synopsis
Revenue rose 15.38 per cent to Rs 25,045.83 crore against Rs 21,707.04 crore.
The quarterly numbers came much after the market closed for the day. The stock settled at Rs 222.95, up 1.92 per cent.
Here's a look at its key takeaways.
Top line: Revenue rose 15.38 per cent to Rs 25,045.83 crore against Rs 21,707.04 crore in the same quarter of the previous fiscal.
Margin call: Coal India reported an Ebitda (operating profit) of Rs 6,787.70 crore while Ebitda margin came in at 27.10 per cent.
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Management-speak: "During the quarter ended December 31, the government further divested 3.19 per cent, 2.21 per cent and 0.01 per cent of total equity share capital equivalent to 33,59,97,714 number of equity shares by way of placement of shares in Bharat 22 ETF, CPSE ETF and OFS, respectively, and post such divestment, the Centre holds 72.91 per cent of equity share capital,” Coal India said in a regulatory filing.