Coal India hits over 3-year low as Q4 earnings miss analysts estimates

The stock, today, posted biggest percentage loss since March 14 and has been down 10.9% this year

Coal India fell as much as 2.8% to Rs 260, its lowest since March 21, 2014 after the company missed analyst estimates and posted a 38% fall in its consolidated net profit to Rs 2,716 crore for the March-quarter. The company had reported profit of Rs 4,398 crore in the corresponding quarter last year.
 
Even though the revenue from operations in the quarter increased by 8.6%, to Rs 24,780 cr, the miner was hurt by tepid power demand, falling realisations from e-auctions and rise in prices which resulted in the fall.
 
The company also informed the bourses that