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Coal India posts higher Q4 profit but misses market estimates
Published Sun, May 29, 2016 · 09:50 PM
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New Delhi
COAL India Ltd, the world's biggest producer of the fuel, missed analysts' estimates for fourth-quarter profit as oversupply of the fuel and lower international prices trimmed earnings.
Net income for the three months ended March 31 rose to 42.5 billion rupees (S$875 million) from 42.4 billion rupees a year earlier, the state-run monopoly said in a stock exchange filing on Sunday. The profit lagged a mean estimate of 45.5 billion rupees from 22 an…
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