Coal India, an Indian state-controlled coal mining company, witnessed a fall in share price on Wednesday after the company  announced a sharp drop in consolidated net profit for the quarter ended June 2016. During the quarter, the profit of the company declined 14.78% to Rs 30,652.80 million from Rs 35,969.30 million in the same quarter previous year.

Revenues for the quarter declined 5.62% to Rs 184,218.70 million, compared with Rs 195,180.80 million for the prior year period.

Shares of Coal India  are trading at Rs 324.85, down Rs 5.85, or 1.77%  at the Bombay Stock Exchange (BSE) on Wednesday at 9:46 a.m.

The scrip has touched an intra-day high of Rs 327.55 and low of Rs 321.70. The total volume of shares traded at the BSE is 81,226.

Total volume of shares traded on the bourses today was lower by 68.68% to 1,344,485 compared with 22-day average volume of 4,292,183.