Stocks● Neutral
Coal India arm CMPDI jumps 7% as Q1 profit climbs 54%
CMPDI's net profit jumped to ₹87.6 crore from ₹56.9 crore a year ago, driven by higher revenue from mine planning contracts. The order book of ₹1,200 crore offers 12-18 month visibility.
Continue with
Shares of Coal India's consulting and engineering subsidiary jumped 7% in early trade after the company reported a 54% year-on-year surge in net profit for the first quarter of FY27. Central Mine Planning and Design Institute Ltd (CMPDI) posted a net profit of ₹87.6 crore for the three months ended June 30, compared with ₹56.9 crore in the same period a year ago.
Revenue from operations rose 30% to ₹513.4 crore, driven by higher billing from mine planning and exploration contracts. The company's order book at the end of the quarter stood at ₹1,200 crore, which management said provides visibility for the next 12 to 18 months.