Coal India Q1 Results Live: Net profit likely to fall 33% YoY to ₹5,890 crore; revenue may remain flat
₹234.90 apiece on the BSE, after opening at ₹232.55 apiece against the previous close of ₹232.85 apiece.Coal India’s revenue is likely to fall 1.27% to ₹34,645 crore in the quarter ended June 2023 as compared to ₹35,092.2 crore in the corresponding quarter of last fiscal. On a sequential basis, Coal India Q1 revenue may fall 9.19% from ₹38,152.3 crore in the March quarter, according to average analysts' estimates.Coal India’s net profit in Q1FY24 is likely to fall 33% to ₹ ₹5,890 crore from ₹8,834.2 crore in the same period last year., as per brokerage poll by Livemint.
Fall in coal prices, lower e-auction premiums and higher wage costs are likely to impact earnings of the mining major.Coal India, the world’s largest coal producer, will announce its Q1 results today. Coal India Q1 results are likely to remain weak, impacted by correction in coal prices, lower e-auction premiums and higher wage cost.
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