Coal India’s (CIL) stock slumped to a six-month low on Wednesday, closing at 292.25, down 4.42%. CIL, the world’s largest coal producer, registered its lowest quarterly profit for the July-September period since its listing.
The company’s net profit for the quarter dropped by 77.4% to R600.4 crore from R2,654.34 crore a year ago. The company’s net income from operations has gone down by 7.8% to R16,212.5 in 2016 from R17,489.8 in 2015.