Coal Indias (COAL?s) 3QFY17 results beat estimates (EBITDA at Rs 39.6bn vs est 33.7 bn, -20% YoY), as e-auction volumes and prices were ahead of forecasts. E-auction volumes constituted 18% of the mix (vs 13% est, 671 bps YoY, 126 bps QoQ), while premiums were higher at 21% (vs 15% in 2QFY17, 46% in 3QFY16).