"Hindustan Times" declare : Coal India Q4 profit falls 38%, misses analysts’ forecast by a wide margin
State-run Coal India Ltd on Monday reported a 38% decline in net profit at Rs 2,716 crore for January-March 2017, missing analysts' forecast by a wide margin, as higher costs dented earnings. Ahead of the Q4 data, Coal India facebook/" target="_blank">shares closed down 0.3% at Rs 267.65 in a firm Mumbai market whose benchmark Sensex was up 0.26%. Coal production of the Kolkata-based company, which accounts for more than 80% of the country's output, rose to 176.37 million tonnes in the fourth quarter from 165.24 million tonnes a year earlier. Analysts on average had estimated a consolidated profit of Rs 3,820 crore, according to Thomson Reuters data. The world's largest coal miner recently cut its production target by about a 10th to 600 million tonne for the 2017-18.
according to Analysts on average had expected a quarterly profit of Rs 582 crore, Thomson Reuters data showed. Net profit was Rs 216 crore ($33.47 million) in the quarter ended March 31, compared with Rs 506 crore a year earlier. State-run power equipment maker Bharat Heavy Electricals Ltd on Monday reported a 57% fall in fourth-quarter net profit, missing analysts' estimates by a big margin. Ahead of the Q4 numbers, BHEL facebook/" target="_blank">shares closed down 3% lower at Rs 153.65 in a firm Mumbai market whose benchmark Sensex was up 0.26%. Total revenue from operations fell 2.4% to Rs 10,158 crore.
according to
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collected by :Jack Luxor
according to Analysts on average had expected a quarterly profit of Rs 582 crore, Thomson Reuters data showed. Net profit was Rs 216 crore ($33.47 million) in the quarter ended March 31, compared with Rs 506 crore a year earlier. State-run power equipment maker Bharat Heavy Electricals Ltd on Monday reported a 57% fall in fourth-quarter net profit, missing analysts' estimates by a big margin. Ahead of the Q4 numbers, BHEL facebook/" target="_blank">shares closed down 3% lower at Rs 153.65 in a firm Mumbai market whose benchmark Sensex was up 0.26%. Total revenue from operations fell 2.4% to Rs 10,158 crore.
according to
Jubilant FoodWorks Q4 profit falls on note ban
The promoters of HT Media Ltd, which publishes Mint, and Jubilant FoodWorks are closely related. Pratik Pota, CEO and whole-time director of Jubilant FoodWorks, said the company had taken "concerted action" to get back to profitable growth. Operating revenue in the quarter was Rs 612.8 crore, compared with Rs 618.05 crore in the year-ago period. Operating revenue for the full year increased by 5.6% to Rs 2,546.07 crore from Rs 2,410.21 crore in the previous year. Net profit fell 75.9% to Rs 6.7 crore in the March quarter from Rs.27.8 crore in the year-ago period.read more visit us profit
collected by :Jack Luxor
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