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Coal India’s Profit Falls 18.6% In First Quarter
Coal India’s revenue fell 6% in the June quarter
14 Sep 2016, 07:30 AM IST 
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A sack of coal sits on the ground at a coal wholesale market in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)
Coal India Ltd.’s net profit declined 18.6 percent to Rs 3,065.3 crore in the April to June quarter, from Rs 3596.9 crore in the same quarter of last year. The world’s largest coal miner’s profit fell after two quarters of increase.
Its sales fell 6.1 percent to Rs 17,796 crore in the quarter in focus, from Rs 18,956 crore in the corresponding quarter of last year, according to the company’s filing on the Bombay Stock Exchange. Other income stood at Rs 1,130.6 crore, as of June 30.
Earnings before interest, tax, depreciation and amortisation dropped 12 percent to Rs 4,254 crore on a year-on-year basis. The government-owned company’s EBITDA margin also decreased to 23.09 percent to 24.8 percent year-on-year.