Coal India Q3 net profit up 9 pct, beats estimates
MUMBAI Feb 13 (Reuters) - Coal India Ltd, the world's largest coal miner, posted a 9 percent increase in quarterly profit, beating market expectations, helped by strong sales volumes and lower-than-expected rise in costs.
The state-run miner said its October-December net profit rose to 43.95 billion rupees ($815 million) from 40.40 billion a year earlier. Net sales rose 13 percent to 173.25 billion rupees.
On average, analysts had forecast net profit of 40 billion rupees, according to Thomson Reuters Starmine data. ($1 = 53.93 rupees) (Reporting by Prashant Mehra; Editing by Daniel Magnowski and Anand Basu)
- Tweet this
- Share this
- Digg this
- UPDATE 3-Turkish president rejects Facebook, YouTube ban over wiretaps
- Exclusive - Pimco's Gross declares El-Erian is 'trying to undermine me'
- UPDATE 1-"Everything is fine", Pistorius told guard after shooting girlfriend
- CEO in apparent suicide was bitcoin fan, had other issues, too
- Kejriwal takes aim at Modi's economic model
Sahara’s investment programmes include schemes that are similar to a typical Indian bank’s fixed or recurring deposits. But the arrest of the company's chief Subrata Roy last week and the court case over an outlawed bond scheme are raising fears among some investors who worry they will not get their money back. Full Article