Coal news and updates

 

ICICI has come out with its first quarter (April-June) earnings estimates for the Metals & Mining sector. The brokerage house expects Coal India to report net profit at 2161.6 crore down 20.5% quarter-on-quarter.

 

Net Sales are expected to decrease by 18.2 percent Q-o-Q (up 2.9 percent Y-o-Y) to Rs 18960.6 crore, according to ICICI.

 

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 16.1 percent Q-o-Q (down 33.2 percent Y-o-Y) to Rs 2841.2 crore.

 

Source: Money Control