Coal India's net profit surged to Rs 9,069 crore in the December quarter from Rs 6,799 crore in the second quarter. The consolidated revenue from operations in October-December increased to Rs 36,153.97 crore from Rs 35,169.33 crore a year ago.
Domestic brokerage house ICICI Direct has chosen Coal India as a High Conviction pick . The recommendation is driven by its high market share in India’s energy basket, strong financials, healthy volume growth and ambitious production targets.