Coal india Share Price:

In the first quarter of the current financial year 2022-23, the profit of Coal India increased three times due to an increase in sales.

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Coal India sold around 21 million tonnes (MT) of coal through e-auction during April-June 2022 quarter.

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After the excellent results of Coal India's June quarter, brokerage houses are bullish on the stock of Coal India.

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Coal India's consolidated net profit grew by 178.65% to Rs 8,832.86 crore for the April-June quarter.

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In the corresponding April-June quarter of the last financial year, the net profit of Coal India was Rs 3,169.86 crore.

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Coal India's operating income increased to Rs 35,092.17 crore in the first quarter of the current financial year.

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Coal India's operating income stood at Rs 25,282.75 crore in the same quarter of the previous financial year.

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CIL's total expenditure for the quarter stood at Rs 23,985 crore. 21,626.5 crore in the same quarter last fiscal.

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Brokerage houses are bullish on this after the excellent results of Coal India. Brokers have increased the target price of Coal India.

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