You are here: Home » Companies » Results
Business Standard

Coal India Q4 net falls 38% to Rs 2,716 crore

Coal production rose to 176.37 mt in fourth quarter from 165.24 mt a year earlier

Reuters 

State-run Coal India Ltd reported a lower-than-expected fourth-quarter consolidated profit, hurt by higher costs. Consolidated profit fell 38 per cent to Rs 2,716 crore ($421.18 million) in the quarter ended March 31, from Rs 4,398 crore a year earlier, the company said on Monday. Analysts on average had estimated a consolidated profit of Rs 3,820 crore, according to Thomson Reuters data. Coal production of the Kolkata-based company, which accounts for more than 80 per cent of the country's output, rose to 176.37 million tonnes in the fourth quarter from 165.24 million ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, May 29 2017. 18:09 IST
RECOMMENDED FOR YOU