You are here: Home » Companies » Results
Business Standard

Coal India Q1 profit falls 23% to Rs 2,351 cr, misses estimates

Analysts on average had expected the company to post a quarterly profit of Rs 2,662 crore

Reuters 

Coal India Ltd, the world's largest coal miner, said its first-quarter profit fell 23 per cent, missing analysts' estimates. Profit fell to Rs 2,351 crore for the three months ended June 30, from Rs 3,065 crore a year earlier, the state-run company said on Monday.  Analysts on average had expected the company to post a quarterly profit of Rs 2,662 crore, according to Thomson Reuters data. Coal production of the Kolkata-based company, which accounts for more than 80 per cent of India's output, fell to 118.84 million tonnes in the quarter from 125.67 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, August 14 2017. 18:16 IST
RECOMMENDED FOR YOU