Coal India, an Indian state-controlled coal mining company, witnessed a fall in share price on Wednesday after the company announced a drop in consolidated net profit for the quarter ended September 2016. During the quarter, the profit of the company declined 77.38% to Rs 6,004.40 million from Rs 26,543.50 million in the same quarter last year.

Revenues for the quarter declined 7.30% to Rs 162,125.50 million, compared with Rs 174,898.70 million for the prior year period.

Shares of Coal India are trading at Rs 298.05, down Rs 7.7, or 2.52% at the Bombay Stock Exchange (BSE) on Wednesday at 9:39 a.m.

The scrip has touched an intra-day high of Rs 298.85 and low of Rs 295.25. The total volume of shares traded at the BSE is 159,467.

Total volume of shares traded on the bourses today was lower by 42.78% to 1,755,041 compared with 22-day average volume of 3,067,287.