Coal India profit likely declines due to rising mining costs
after close1 source ↓written by the desknot a recommendation
- year-on-year
- 1%
- in explosive costs
- 26% increase
- in diesel prices
- 50% rise
Coal India Ltd. is expected to report a profit of ₹8,640 crore, down 1% year-on-year, impacted by rising costs for raw materials like explosives and diesel due to the ongoing Middle East war. The conflict has disrupted supply routes, causing a 26% increase in explosive costs and a 50% rise in diesel prices. Higher expenses may overshadow gains from increased demand during the quarter.
Not investment advice. For informational purposes only.