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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 

A labourer works inside a coal yard on the outskirts of Ahmedabad, India April 6, 2017. Photo: Reuters
A labourer works at a coal yard on the outskirts of Ahmedabad. Photo: Reuters

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 million tonnes a year earlier.

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