 |
Results
10-Aug-22
|
|
|
|
|
|
|
|
Analysis
|
|
|
|
Coal India
|
|
Net Sales up 38.8% YoY, PAT up 178.7% YoY
|
|
|
|
|
On consolidated basis
Quarter ended June 2022 compared
with Quarter ended June 2021.
Net sales (including other operating
income) of Coal India has increased 38.80% to Rs 35092.17 crore.
Operating profit margin has jumped
from 19.16% to 34.91%, leading to 152.91% rise in operating profit to Rs
12,250.84 crore. Raw material cost as a % of total sales (net of
stock adjustments) increased from 7.99% to 9.07%. Employee cost
decreased from 45.05% to 29.89%. Other expenses fell from 25.67% to
24.69%. Power and Oil fuel cost fell from 2.68% to 1.86%.
Expenses from contract fell from 17.43% to 16.51%.
Provisions writeoffs cost fell from 0.30% to 0.07%.
Other provisions fell from 0.30% to 0.07%.
Other
income rose 46.04% to Rs 994.51 crore. PBIDT rose 139.74% to Rs
13245.35 crore. Provision for interest rose 1.77% to Rs 150.23
crore.
PBDT
rose 143.53% to Rs 13095.12 crore. Provision for depreciation fell
4.50% to Rs 993.75 crore.
Profit
before tax grew 179.05% to Rs 12,101.37 crore. Share of profit/loss
was 2,121.30% lower at Rs -23.99 crore. Provision for tax was
expense of Rs 3243.16 crore, compared to Rs 1161.42 crore. Effective
tax rate was 26.85% compared to 26.79%.
Minority interest decreased 68.30%
to Rs 1.36 crore. Net profit attributable to owners of the company
increased 178.65% to Rs 8,832.86 crore.
Promoters’
stake was 66.13% as of 30 June 2022 ,compared to 66.13% as of 30 June 2021
.
Full year results analysis.
Net sales (including other operating income) of Coal India
has increased 21.87% to Rs 109713.5 crore.
Operating profit margin has jumped
from 20.69% to 22.50%, leading to 32.53% rise in operating profit to Rs
24,690.51 crore. Raw material cost as a % of total sales (net of
stock adjustments) increased from 8.21% to 8.79%. Purchase of
finished goods cost fell from 0.31% to 0.10%. Employee cost
decreased from 41.78% to 37.89%. Other expenses rose from 29.54% to
30.23%. Power and Oil fuel cost fell from 2.73% to 2.46%.
Expenses from contract rose from 17.37% to 17.57%. Provisions
writeoffs cost fell from 1.10% to 0.16%. Other provisions fell from
1.10% to 0.16%.
Other
income rose 4.32% to Rs 3904.52 crore. PBIDT rose 27.81% to Rs
28595.03 crore. Provision for interest fell 15.69% to Rs 541.49
crore. Loan funds declined from Rs 5,884.23 crore as of 31 March
2021 to Rs 3,513.64 crore as of 31 March 2022. Inventories declined
from Rs 8,947.47 crore as of 31 March 2021 to Rs 7,075.68 crore as of 31 March
2022. Sundry debtors were lower at Rs 11,367.68 crore as of 31 March
2022 compared to Rs 19,623.12 crore as of 31 March 2021. Cash and
bank balance rose to Rs 29,179.45 crore as of 31 March 2022 from Rs 17,310.30
crore as of 31 March 2021. Investments rose to Rs 9,706.38 crore as
of 31 March 2022 from Rs 5,950.23 crore as of 31 March 2021 .
PBDT
rose 29.10% to Rs 28053.54 crore. Provision for depreciation rose
19.12% to Rs 4428.67 crore. Fixed assets increased to Rs 55,411.52
crore as of 31 March 2022 from Rs 48,157.31 crore as of 31 March
2021. Intangible assets declined from Rs 4,737.74 crore to Rs
4,162.58 crore.
Profit
before tax grew 31.16% to Rs 23,624.87 crore. Share of profit/loss
was 189.23% lower at Rs -8.59 crore. Provision for tax was expense
of Rs 6237.86 crore, compared to Rs 5307.07 crore. Effective tax
rate was 26.41% compared to 29.47%.
Minority
interest increased 791.23% to Rs 20.32 crore. Net profit
attributable to owners of the company increased 36.68% to Rs 17,358.10
crore.
Equity
capital stood at Rs 6,162.73 crore as of 31 March 2022 to Rs 6,162.73 crore as
of 31 March 2021. Per share face Value remained same at Rs
10.00.
Promoters’
stake was 66.13% as of 31 March 2022 ,compared to 66.13% as of 31 March 2021
.
Cash
flow from operating activities increased to Rs 41,087.51 crore for year ended
March 2022 from Rs 10,560.04 crore for year ended March 2021. Cash
flow used in acquiring fixed assets during the year ended March 2022 stood at
Rs 12,023.19 crore, compared to Rs 10,852.51 crore during the year ended March
2021
Operational
highlights:
The
company produced raw coal of 159.75 million Ton in Q1FY2023 as against 123.98
million ton in QFY2022.
Off take
stood at 177.49 million ton in Q1FY2023 as against 160.44 million ton in QFY2022.
| Coal India : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202206 | 202106 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 35,092.17 | 25,282.15 | 38.80 | 1,09,713.50 | 90,026.01 | 21.87 | | OPM (%) | 34.91 | 19.16 | 1,575 bps | 22.50 | 20.69 | 181 bps | | OP | 12,250.84 | 4,843.90 | 152.91 | 24,690.51 | 18,629.47 | 32.53 | | Other Inc. | 994.51 | 680.97 | 46.04 | 3,904.52 | 3,742.83 | 4.32 | | PBIDT | 13,245.35 | 5,524.87 | 139.74 | 28,595.03 | 22,372.30 | 27.81 | | Interest | 150.23 | 147.62 | 1.77 | 541.49 | 642.24 | -15.69 | | PBDT | 13,095.12 | 5,377.25 | 143.53 | 28,053.54 | 21,730.06 | 29.10 | | Depreciation | 993.75 | 1040.61 | -4.50 | 4428.67 | 3717.85 | 19.12 | | PBT | 12,101.37 | 4,336.64 | 179.05 | 23624.87 | 18012.21 | 31.16 | | Share of Profit/(Loss) from Associates | -23.99 | -1.08 | -2,121.30 | -8.59 | -2.97 | -189.23 | | PBT before EO | 12077.38 | 4335.56 | 178.57 | 23616.28 | 18009.24 | 31.13 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 12077.38 | 4335.56 | 178.57 | 23616.28 | 18009.24 | 31.13 | | Taxation | 3243.16 | 1161.42 | 179.24 | 6237.86 | 5307.07 | 17.54 | | PAT | 8834.22 | 3174.14 | 178.32 | 17378.42 | 12702.17 | 36.81 | | Minority Interest (MI) | 1.36 | 4.29 | -68.30 | 20.32 | 2.28 | 791.23 | | Net profit | 8832.86 | 3169.85 | 178.65 | 17358.1 | 12699.89 | 36.68 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 8832.86 | 3169.85 | 178.65 | 17358.1 | 12699.89 | 36.68 | | EPS (Rs)* | 14.33 | 5.14 | 178.65 | 28.17 | 20.61 | 36.68 | | | * EPS is on current equity of Rs 6,162.73 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|
|
|
|
Previous News |
Coal India
(
Results
-
Analysis
03-May-24
06:35
)
|
|
|
Coal India Ltd Spikes 2.37%
(
Hot Pursuit
-
13-Feb-24
09:30
)
|
|
|
Coal India gains after Q3 PAT rises 18% to Rs 9,094 cr
(
Hot Pursuit
-
13-Feb-24
10:19
)
|
|
|
Coal India Ltd soars 0.26%, gains for fifth straight session
(
Hot Pursuit
-
04-Apr-24
13:00
)
|
|
|
Coal India jumps after strong production
(
Hot Pursuit
-
01-Aug-23
12:36
)
|
|
|
Board of Coal India recommends First Interim Dividend
(
Corporate News
-
11-Nov-23
10:17
)
|
|
|
Coal India PAT rises 13% to Rs 6,814 cr in Q2 FY24
(
Hot Pursuit
-
11-Nov-23
11:09
)
|
|
|
Coal India achieves 13% growth in production and 9% growth in offtake
(
Corporate News
-
01-Aug-23
12:45
)
|
|
|
Coal India plans investment of Rs 2,750 cr in 61 FMC projects (eco-friendly coal evacuation)
(
Corporate News
-
12-Sep-23
13:27
)
|
|
|
Coal India Ltd gains for fifth session
(
Hot Pursuit
-
19-Feb-24
13:00
)
|
|
|
Coal India sets target of 610 MTs to meet power sector demand in FY24
(
Corporate News
-
05-Apr-23
14:27
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|