CIL may end Q3 with lower profit

The company board is scheduled to meet on February 12 to take on record the accounts.

Coal India Ltd. may end the third quarter with a lower profit than a year ago.

Indications are that the profit for the nine months ended December 31, 2013, may be lower as compared to the same period in 2012. If the consolidated profit does show a drop in the October-December quarter, it would be the second consecutive quarter to do so.

The net profit in the quarter ended September 30, 2013, stood at Rs.3,052.4 crores against Rs.3,731.1 crores of the quarter before and Rs.3,078.1 crore of the same quarter in 2012. The net profit for the first-half 0f 2013-14 stood at Rs.6583.4 crore against Rs.7,547.3 crores in the first half of 2012-13.

The company board is scheduled to meet on February 12 to take on record the accounts.