Coal India Q1 results: Net profit drops 55% to Rs 2,080 crore, beats Street estimates
Mining major Coal India NSE -0.77 % on Wednesday reported a 55 per cent drop in its net profit for the quarter ended June to Rs 2,079.60 crore, but still managed to beat analysts’ estimates.
It had reported a net profit of Rs 4,629.67 crore in the year ago period. An ET Now poll had projected the net profit to come in at Rs 1,905 crore.
Its revenue from operations dropped 25.9 per cent to Rs 18,486.77 crore, from Rs 24,938.99 crore in the corresponding quarter last year.
