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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


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 ...

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