Coal India stock closes 2% lower on Q1 earnings

The Coal India stock fell 3 per cent on Wednesday after the firm reported a 14.8 per cent fall in its Q1 net profit.

After making a weak opening, the stock fell almost 3 per cent to Rs 322.65 on the BSE.

The stock closed 1.97 per cent lower at Rs 324.20.

Coal India posted a 14.8 per cent fall in its consolidated net profit. The coal mining firm posted Rs 3,065.28 crore in net profit after tax for the quarter ended June 30, 2016 compared to Rs 3,596.93 crore for the corresponding quarter of last fiscal.