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Shares of Coal India on Tuesday fell nearly 3 per cent to hit its one-year low after the company reported 38 per cent decline in consolidated net profit for the quarter ended 31 March.
The stock declined by 2.85 per cent to Rs.260-its 52- week low on BSE.
At NSE, shares of the company went down by 2.91 per cent to hit its one-year low of Rs.259.50.
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State-owned Coal India on 29 May reported 38 per cent decline in consolidated net profit at Rs.2,716 crore for the fourth quarter due to higher expenses.
Coal India Ltd (CIL) had posted a consolidated net profit of Rs.4,398 crore in the corresponding quarter of previous fiscal.
The consolidated income of the company increased to Rs.26,635.9 crore in the last quarter of FY2016-17, from Rs.24,583.8 crore in the January-March quarter of 2015-16, the PSU said in a filing to the BSE.
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