Top News

|  Kochi port to offer special facilities to handle cotton export trade  |    |  Railways to set up INR 200 cr solar power plant in Bhilai  |    |  Cargo traffic in five AP minor ports sinks  |    |  Railways eyes INR 10,000 crore revenue boost via 2 lakh screens at stations  |    |  Port of Virginia container traffic jump 8.9% 232,148 TEU in March  |    |  Asia-Europe rate continues weekly rise, up 1.6% to USD880 TEU  |    |  World Bank approves USD 375 m loan for developing NW-1  |    |  Satellite port will come up at Vijaydurg  |    |  Embraer ties up with Air India to set up MRO in Secunderabad  |    |  Riga quarterly container traffic increases 2.1% to 110,400 TEU  |    |  NDR group in tie-up for ICD  |    |  Konkan Railway to start special trains  |    |  Ashok Leyland plans INR 600 cr capex this fiscal  |    |  TM International Logistics gets nod to acquire special wagons  |    |  Adani Logistics commissions multimodal logistics park in Punjab  |    |  Yogi Adityanath govt. pushes for new airport in NCR  |    |  India steel import falls 36% to 7.4 mt in 2016-17  |    |  Hapag-Lloyd ups rates USD 200 TEU from South America to North America  |    |  South Eastern Railway achieves highest ever freight loading during the financial year 2016-17  |    |  CMA CGM hikes Asia to west coast Latin America rate USD 600 TEU May 15  |   
You are here: Home » National News » Supply Chain» Coal India Q3 net profit dips 20% to INR 2,884 cr

Coal India Q3 net profit dips 20% to INR 2,884 cr

13 February 2017 | Kolkata
 

transreproter

Coal India Limited, on Saturday, reported 20% drop in net profit to INR 2,884 crore during the October-December 2016 quarter.

This is due to INR 772 crore (10%) rise in “employee benefit expenses”, which is a provisioning done in anticipation of the upcoming wage settlement. Overall, the company provided for INR 1,400 crore on this head during the nine month period.

Coal off-take or sales grew by a mere 3.6% during the quarter. For the year so far, off-take shows a marginal 0.77% increase over the corresponding period in 2015.

   
Transreproter Logo