Coal India Q3 net up 53% at Rs 4,038cr, beats estimates

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Coal India Q3 net up 53% at Rs 4,038cr, beats estimates

Coal India has announced its third quarter results. The company's Q3 consolidated net profit was up at Rs 4,038 crore versus Rs 2,626 crore, YoY.

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PSU major Coal India reported a 53% jump in the net profit at Rs 4,037 crore for the quarter ended December 2011. The company reported a near 17% growth in sales at Rs 15,349 crore.

The company beat street estimates on the net profit but sales growth fell short of expectations. A CNBC-TV18 poll expected the company to report net profit Rs 3933 crore over revenue of Rs 16,150 crore.

It's consolidated other income was up at Rs 1,856 crore versus Rs 1,250 crore, YoY.

Shares of India's largest PSU company (in terms of market cap) rose 1.42% post result were announced in flat trade.