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Coal India’s Q4 Net Profit Beats Analysts’ Expectations
May. 27, 2013 10:57AM PST
Industrial Metals Investing
Reuters reported that Coal India Ltd.’s (BSE:533278) net profit for the January to March period, the last quarter of its fiscal year, was 54.14 billion rupees, up from 40.13 billion rupees a year ago. That’s also up from the 49.97 billion rupees expected by analysts.
Reuters reported that Coal India Ltd.’s (BSE:533278) net profit for the January to March period, the last quarter of its fiscal year, was 54.14 billion rupees, up from 40.13 billion rupees a year ago. That’s also up from the 49.97 billion rupees expected by analysts.
As quoted in the market news:
Net sales rose 2.5 percent to 199.05 billion rupees.
It reported employee expenses of 74.70 billion rupees, compared to 94.66 billion a year ago, which included additional provision of about 23 billion rupees, an official said.
The miner produced 452 million tonnes of coal in 2012/13, up 4 percent from a year earlier, but lower than its 464 million tonne target for the year. Shipments rose 5.8 percent for the fourth quarter to 129.95 million tonnes, the company said.