On consolidated basis
Quarter ended December 2023 compared
with Quarter ended December 2022.
Net sales (including other operating income) of Coal India has increased 2.80%
to Rs 36153.97 crore.
Operating profit margin has jumped
from 29.54% to 31.46%, leading to 9.48% rise in operating profit to Rs
11,373.09 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 10.07% to 7.35%. Employee cost
decreased from 32.46% to 31.48%. Other expenses rose from 27.30% to
30.23%. Expenses from contract rose from 17.64% to 19.71%.
Other income rose 39.01% to Rs
2203.26 crore. PBIDT rose 13.38% to Rs 13576.35
crore. Provision for interest rose 11.24% to Rs 226.77
crore.
PBDT rose 13.42% to Rs 13349.58
crore. Provision for depreciation fell 0.13% to Rs 1260.35
crore.
Profit before tax grew 15.05% to Rs
12,089.23 crore. Share of profit/loss was 232.87% higher at Rs 285.7
crore. Provision for tax was expense of Rs 3281.24 crore, compared
to Rs 2874.57 crore. Effective tax rate was 26.52% compared to
27.13%.
Net profit attributable to owners of
the company increased 16.94% to Rs 9,069.19 crore.
Promoters’ stake was 63.13% as of 31
December 2023 ,compared to 66.13% as of 31 December 2022 .
Year-to-date (YTD) results analysis.
Net sales (including other operating income) of Coal India has increased 4.81%
to Rs 104913.59 crore.
Operating profit margin has declined
from 29.89% to 28.62%, leading to 0.35% rise in operating profit to Rs
30,023.94 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 9.87% to 7.94%. Employee cost
increased from 33.09% to 34.06%. Other expenses rose from 26.05% to
28.99%. Expenses from contract rose from 16.58% to 18.80%.
Other income rose 31.89% to Rs
5724.97 crore. PBIDT rose 4.34% to Rs 35748.91
crore. Provision for interest rose 20.02% to Rs 587.19
crore.
PBDT rose 4.12% to Rs 35161.72
crore. Provision for depreciation rose 7.32% to Rs 3576.89
crore.
Profit before tax grew 3.77% to Rs
31,584.83 crore. Provision for tax was expense of Rs 8088.68 crore,
compared to Rs 7761.22 crore. Effective tax rate was 25.33% compared
to 25.57%.
Net profit attributable to owners of
the company increased 5.34% to Rs 23,840.00 crore.
Promoters’ stake was 63.13% as of 31
December 2023 ,compared to 66.13% as of 31 December 2022 .
Full year results analysis.
Net sales (including other operating income) of Coal India has increased 26.01%
to Rs 138251.91 crore.
Operating profit margin has jumped
from 22.53% to 26.63%, leading to 48.98% rise in operating profit to Rs
36,817.87 crore. Raw material cost as a % of total sales (net of
stock adjustments) increased from 8.79% to 9.76%. Purchase of
finished goods cost rose from 0.10% to 0.34%. Employee cost
decreased from 37.68% to 35.56%. Other expenses fell from 30.42% to
27.84%. Expenses from contract fell from 17.57% to 16.76%.
Other income rose 68.77% to Rs
6550.66 crore. PBIDT rose 51.66% to Rs 43368.53
crore. Provision for interest rose 26.38% to Rs 684.31
crore. Loan funds rose to Rs 4,331.42 crore as of 31 March 2023 from
Rs 3,513.64 crore as of 31 March 2022. Inventories rose to Rs
8,154.68 crore as of 31 March 2023 from Rs 7,075.68 crore as of 31 March
2022. Sundry debtors were higher at Rs 13,060.48 crore as of 31
March 2023 compared to Rs 11,367.68 crore as of 31 March 2022. Cash
and bank balance rose to Rs 39,921.85 crore as of 31 March 2023 from Rs
29,965.23 crore as of 31 March 2022. Investments declined from Rs
8,920.60 crore as of 31 March 2022 to Rs 7,139.41 crore as of 31 March
2023.
PBDT rose 52.15% to Rs 42684.22
crore. Provision for depreciation rose 5.57% to Rs 4675.27
crore. Fixed assets increased to Rs 59,710.59 crore as of 31 March
2023 from Rs 55,411.52 crore as of 31 March 2022. Intangible assets
increased from Rs 4,162.58 crore to Rs 9,872.31 crore.
Profit before tax grew 60.89% to Rs
38,008.95 crore. Share of profit/loss was 5.24% higher at Rs -8.14
crore. Provision for tax was expense of Rs 9875.87 crore, compared
to Rs 6237.86 crore. Effective tax rate was 25.99% compared to
26.41%.
Net profit attributable to owners of
the company increased 62.26% to Rs 28,165.19 crore.
Equity capital stood at Rs 6,162.73
crore as of 31 March 2023 to Rs 6,162.73 crore as of 31 March 2022. Per
share face Value remained same at Rs 10.00.
Promoters’ stake was 66.13% as of 31
March 2023 ,compared to 66.13% as of 31 March 2022 .
Cash flow from operating activities
decreased to Rs 35,733.97 crore for year ended March 2023 from Rs 41,106.77
crore for year ended March 2022. Cash flow used in acquiring fixed
assets during the year ended March 2023 stood at Rs 14,214.03 crore, compared
to Rs 11,679.27 crore during the year ended March 2022.
Operational highlights:
Production (Raw Coal) stood at 198.994 million tonnes in Q3FY2024
as against 180.064 million tonnes in Q3FY2023. Off take (Raw Coal) stood at 191.195
million tonnes in Q3FY2024 as against 175.789 million tones in Q3FY2023.
FSA sale stood at 172.30 million tonnes in Q3FY2024.
Realization per tonne of coal under FSA category was Rs. 1,531.98 per ton of Q3
FY2024.
E-Auction sale stood at 15.76 million tonnes in Q3FY2024. For
Q3FY2024 realization per tonne of coal under e-auction was Rs 5233.39 per ton.
| Coal India : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 36,153.97 | 35,169.33 | 2.80 | 1,04,913.59 | 1,00,099.57 | 4.81 | 1,38,251.91 | 1,09,715.42 | 26.01 | | OPM (%) | 31.46 | 29.54 | 192 bps | 28.62 | 29.89 | -127 bps | 26.63 | 22.53 | 411 bps | | OP | 11,373.09 | 10,388.72 | 9.48 | 30,023.94 | 29,919.73 | 0.35 | 36,817.87 | 24,713.62 | 48.98 | | Other Inc. | 2,203.26 | 1,584.96 | 39.01 | 5,724.97 | 4,340.64 | 31.89 | 6,550.66 | 3,881.41 | 68.77 | | PBIDT | 13,576.35 | 11,973.68 | 13.38 | 35,748.91 | 34,260.37 | 4.34 | 43,368.53 | 28,595.03 | 51.66 | | Interest | 226.77 | 203.86 | 11.24 | 587.19 | 489.24 | 20.02 | 684.31 | 541.49 | 26.38 | | PBDT | 13,349.58 | 11,769.82 | 13.42 | 35,161.72 | 33,771.13 | 4.12 | 42,684.22 | 28,053.54 | 52.15 | | Depreciation | 1260.35 | 1261.97 | -0.13 | 3576.89 | 3332.79 | 7.32 | 4675.27 | 4428.67 | 5.57 | | PBT | 12,089.23 | 10,507.85 | 15.05 | 31584.83 | 30438.34 | 3.77 | 38008.95 | 23624.87 | 60.89 | | Share of Profit/(Loss) from Associates | 285.7 | 85.83 | 232.87 | 352.44 | -79.8 | LP | -8.14 | -8.59 | 5.24 | | PBT before EO | 12374.93 | 10593.68 | 16.81 | 31937.27 | 30358.54 | 5.20 | 38000.81 | 23616.28 | 60.91 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 12374.93 | 10593.68 | 16.81 | 31937.27 | 30358.54 | 5.20 | 38000.81 | 23616.28 | 60.91 | | Taxation | 3281.24 | 2874.57 | 14.15 | 8088.68 | 7761.22 | 4.22 | 9875.87 | 6237.86 | 58.32 | | PAT | 9093.69 | 7719.11 | 17.81 | 23848.59 | 22597.32 | 5.54 | 28124.94 | 17378.42 | 61.84 | | Minority Interest (MI) | 24.5 | -36.44 | PL | 8.59 | -34.64 | PL | -40.25 | 20.32 | LP | | Net profit | 9069.19 | 7755.55 | 16.94 | 23840 | 22631.96 | 5.34 | 28165.19 | 17358.1 | 62.26 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 9069.19 | 7755.55 | 16.94 | 23840 | 22631.96 | 5.34 | 28165.19 | 17358.1 | 62.26 | | EPS (Rs)* | 14.72 | 12.58 | 16.94 | 38.68 | 36.72 | 5.34 | 45.70 | 28.17 | 62.26 | | | * 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 |
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