Coal India 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.
Operating margin for the quarter stood at 23.10 percent as compared to 24.77 percent for the previous year period. Operating Income for the quarter was Rs 42,548.30 million, compared with Rs 48352 million in the previous year period.
Earnings per share for the quarter stood at Rs 4.85, registering 14.76% decline over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 184,218.70 | 195,180.80 | (5.62) |
| Net Profit | 30,652.80 | 35,969.30 | (14.78) |
| Diluted EPS | 4.85 | 5.69 | (14.76) |
Shares of the company declined Rs 7, or 2.12%, to trade at Rs 323.70. The total volume of shares traded was 86,135 at the BSE (9.52 a.m., Wednesday).
