CIL down nearly 2%; mcap dips by Rs 4,105 cr post Q1 nos

Shares of Coal India ended the day nearly 2 per cent lower, wiping-out Rs 4,105.47 crore from its market valuation, after the company reported 14.7 per cent decline in consolidated net profit for the quarter ended June.
The stock settled at Rs 324.20, down 1.97 per cent on BSE. During the day, it lost 2.72 per cent to Rs 321.70.
The scrip was the worst performer among the 30-Sensex components.
At NSE, shares of the company fell by 1.84 per cent to close at Rs 321.50.
Led by the weakness in the stock, the company's market valuation fell by Rs 4,105.47 crore to Rs 2,04,776.53 crore.

On the volume front, 12.12 lakh shares of the company were traded on BSE and over 64 lakh shares changed hands at NSE during the day.

Coal India (CIL) yesterday reported 14.7 per cent fall in consolidated net profit at Rs 3,065.28 crore for the first quarter due to decline in sales.
CIL had posted a consolidated net profit of Rs 3,596.93 crore in the year-ago period. Consolidated profit includes profit of jointly controlled entities and associates.
Net sales of the company during the quarter declined by 6.1 per cent to Rs 17,796.05 crore, the coal major said in a filing to BSE yesterday.

Total expenses of the PSU declined to Rs 14,834.20 crore in April-June this year, from Rs 15,320.81 crore in the corresponding quarter of previous fiscal.