Coal India drops after weak Q2 outcome

Image
Capital Market
Last Updated : Nov 14 2017 | 12:01 AM IST

Coal India lost 3.41% to Rs 274.95 at 09:46 IST on BSE after consolidated net profit dropped 39.77% to Rs 368.88 crore on 6.43% rise in total income to Rs 18759.01 crore in Q2 September 2017 over Q2 September 2016.

The result was announced on Saturday, 11 November 2017.

Meanwhile, the S&P BSE Sensex was down 15.26 points or 0.05% at 33,299.30.

On the BSE, 1.01 lakh shares were traded on the counter so far as against average daily volumes of 5.30 lakh shares in the past one quarter. The stock had hit a high of Rs 279.90 and a low of Rs 274.35 so far during the day. The stock had hit a 52-week high of Rs 337.30 on 10 November 2016 and a record low of Rs 234 on 11 August 2017.

The large-cap company has equity capital of Rs 6207.41 crore. Face value per share is Rs 10.

Coal India's coal production of the company and its subsidiary companies rose to 231.88 million tonnes in Q2 September 2017 from 230.04 million tonnes in Q2 September 2016. Offtake (raw coal) rose to 269 million tonnes in Q2 September 2017 from 249.11 million tonnes in Q2 September 2016.

Coal India is an organized state-owned coal mining corporate.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 13 2017 | 9:55 AM IST

Next Story