Coal India Ltd.
-15.50 (-3.40%) Coal India reports 20% fall in Q3 consolidated net profit
Date: 13-02-2017Coal India has reported results for third quarter ended December 31, 2016.
The company has reported a net loss of Rs 39.03 crore for the quarter under review as compared to a net profit of Rs 671.53 crore for the same quarter in the previous year. Total income of the company decreased by 70.78% at Rs 257.17 crore for the quarter under review as compared Rs 880.06 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 20.26% fall in its net profit after taxes, minority interest and share of profit of jointly controlled entities and associates at Rs 2884.47 crore for the quarter ended December 31, 2016, as compared to Rs 3617.18 crore for the same quarter in the previous year. However, total income of the company increased by 2.88% at Rs 21531.28 crore for the quarter under review as compared Rs 20928.40 crore for the corresponding quarter previous year.