Coal India Q3 Profit Declines 16% Amid Softer Demand

Coal India posted a 16 percent decline in third quarter profit as lower offtake and subdued power demand weighed on performance. Dispatch volumes moderated amid cautious procurement by utilities, limiting revenue growth. Management highlighted cost optimization measures and production stability initiatives to cushion margins. Analysts indicated that a rebound in industrial activity and power consumption will be essential to support earnings recovery in subsequent quarters.