Profit Rises 12.7% On Higher Sales Beating Analysts’ Estimates

Coal India Ltd.’s consolidated net profit rose in the second quarter of fiscal 2024 on account of higher sales volume, beating analysts’ estimates.The state-run coal producer’s profit increased 12.7% to Rs 6,813.5 crore for the quarter ended September, according to an exchange filing on Friday. This compares with the Rs 5,292.5-crore consensus estimate of analysts tracked by Bloomberg.

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