Sensex gains nearly 250 pts, Nifty firmly above 9850; Coal India declines

Epic Update ITCEpic Update ITC

Shares of Coal India slipped nearly 2 percent on the back of poor first quarter numbers.

The company’s Q1FY18 net profit declined 23.3 percent at Rs 2,351.2 crore against Rs 3,065.3 crore in a year ago period.

Revenue of the company was up 4.3 percent at Rs 20,567.8 crore versus RS 19,728.05 crore.

 The operating profit (EBITDA) declined 17.8 percent at Rs 3,552.7 crore and EBITDA margin was down at 480 bps 18.4 percent.

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