Coal India announced a drop in consolidated net profit for the quarter ended September 2016. During the quarter, the profit of the company declined 77.38% to Rs 6,004.40 million from Rs 26,543.50 million in the same quarter last year.
Revenues for the quarter declined 7.30% to Rs 162,125.50 million, compared with Rs 174,898.70 million for the prior year period.
Operating margin for the quarter stood at 4.58 percent as compared to 19.48 percent for the previous year period. Operating Income for the quarter was Rs 7,426.40 million, compared with Rs 34072 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.95, registering 77.38% decline over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 162,125.50 | 174,898.70 | (7.30) |
| Net Profit | 6,004.40 | 26,543.50 | (77.38) |
| Diluted EPS | 0.95 | 4.20 | (77.38) |
Shares of the company declined Rs 7.5, or 2.45%, to trade at Rs 298.25. The total volume of shares traded was 151,522 at the BSE (9.36 a.m., Wednesday).
