Web Sify
Follow us on
Mail
Print

Coal India Q4 net profit up 35 percent, beats estimates

Source : REUTERS
Last Updated: Mon, May 27, 2013 11:53 hrs
Laborers work in a railway coal yard on the outskirts of the western Indian city of Ahmedabad

Coal India, the world's largest coal producer, posted a 35 percent rise in its fourth-quarter profit, beating market expectations, helped by strong sales and lower-than-expected costs.

The state-run miner said its January-March net profit rose to 54.14 billion rupees ($974 million) from 40.13 billion rupees a year earlier. Net sales rose 2.5 percent to 199.05 billion rupees.

On an average, analysts had forecast a net profit of 49.97 billion rupees, according to Thomson Reuters Starmine data. The company's financial year ended on March 31.


blog comments powered by Disqus
most popular on facebook
talking point on sify finance