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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

Reuters 

coal, coal mines, coal India
Labourers load coal onto a supply truck on the outskirts of Jammu

State-run Ltd reported a lower-than-expected fourth-quarter consolidated profit, hurt by higher costs.

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 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 tonnes a year earlier.

Consolidated total income climbed 8.3 per cent to Rs 26, 636 Crore.



The world's largest recently cut its production target by about a 10th to 600 million tonnes for the 2017-18 financial year.

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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

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

State-run Ltd reported a lower-than-expected fourth-quarter consolidated profit, hurt by higher costs.

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 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 tonnes a year earlier.

Consolidated total income climbed 8.3 per cent to Rs 26, 636 Crore.

The world's largest recently cut its production target by about a 10th to 600 million tonnes for the 2017-18 financial year.

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Business Standard
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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 Ltd reported a lower-than-expected fourth-quarter consolidated profit, hurt by higher costs.

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 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 tonnes a year earlier.

Consolidated total income climbed 8.3 per cent to Rs 26, 636 Crore.

The world's largest recently cut its production target by about a 10th to 600 million tonnes for the 2017-18 financial year.

image
Business Standard
177 22