On consolidated basis
Quarter ended June 2023 compared
with Quarter ended June 2022.
Net sales (including other operating income) of Coal India has increased 2.54%
to Rs 35983.21 crore.
Operating profit margin has declined
from 34.91% to 29.22%, leading to 14.18% decline in operating profit to Rs
10,513.85 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 9.07% to 8.31%. Employee cost
increased from 29.89% to 34.04%. Other expenses rose from 24.69% to
27.90%. Expenses from contract rose from 16.51% to 18.91%.
Other income rose 54.63% to Rs
1537.82 crore. PBIDT fell 9.01% to Rs 12051.67
crore. Provision for interest rose 18.45% to Rs 177.94
crore.
PBDT fell 9.33% to Rs 11873.73
crore. Provision for depreciation rose 14.55% to Rs 1138.38
crore.
Profit before tax down 11.29% to Rs
10,735.35 crore. Share of profit/loss was 4.04% higher at Rs -23.02
crore. Provision for tax was expense of Rs 2770.93 crore, compared
to Rs 3243.16 crore. Effective tax rate was 25.87% compared to
26.85%.
Net profit attributable to owners of
the company decreased 9.76% to Rs 7,971.04 crore.
Promoters’ stake was 63.13% as of 30
June 2023 ,compared to 66.13% as of 30 June 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 35,686.21 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 14,209.48 crore, compared
to Rs 11,679.27 crore during the year ended March 2022.
Operational highlights:
Production (Raw Coal) stood at 175.476 million tonnes in
Q1FY2024 as against 159.753 million tonnes in Q1FY2023.Off take (Raw Coal) stood
at 186.95 million tonnes in Q1FY2024 as against 177.49 million tones in
Q1FY2023.
FSA sale stood at 167.51 million tones in Q1FY2024.
Realization per tonne of coal under FSA category was Rs. 1,536.19 per tonne of
Q1 FY2024.
For Q1FY2024 realization per tonne of coal under e-auction
was Rs 3740.84 per tonne.
| Coal India : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202306 | 202206 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 35,983.21 | 35,092.17 | 2.54 | 1,38,251.91 | 1,09,715.42 | 26.01 | | OPM (%) | 29.22 | 34.91 | -569 bps | 26.63 | 22.53 | 411 bps | | OP | 10,513.85 | 12,250.84 | -14.18 | 36,817.87 | 24,713.62 | 48.98 | | Other Inc. | 1,537.82 | 994.51 | 54.63 | 6,550.66 | 3,881.41 | 68.77 | | PBIDT | 12,051.67 | 13,245.35 | -9.01 | 43,368.53 | 28,595.03 | 51.66 | | Interest | 177.94 | 150.23 | 18.45 | 684.31 | 541.49 | 26.38 | | PBDT | 11,873.73 | 13,095.12 | -9.33 | 42,684.22 | 28,053.54 | 52.15 | | Depreciation | 1138.38 | 993.75 | 14.55 | 4675.27 | 4428.67 | 5.57 | | PBT | 10,735.35 | 12,101.37 | -11.29 | 38008.95 | 23624.87 | 60.89 | | Share of Profit/(Loss) from Associates | -23.02 | -23.99 | 4.04 | -8.14 | -8.59 | 5.24 | | PBT before EO | 10712.33 | 12077.38 | -11.30 | 38000.81 | 23616.28 | 60.91 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 10712.33 | 12077.38 | -11.30 | 38000.81 | 23616.28 | 60.91 | | Taxation | 2770.93 | 3243.16 | -14.56 | 9875.87 | 6237.86 | 58.32 | | PAT | 7941.4 | 8834.22 | -10.11 | 28124.94 | 17378.42 | 61.84 | | Minority Interest (MI) | -29.64 | 1.36 | LP | -40.25 | 20.32 | LP | | Net profit | 7971.04 | 8832.86 | -9.76 | 28165.19 | 17358.1 | 62.26 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 7971.04 | 8832.86 | -9.76 | 28165.19 | 17358.1 | 62.26 | | EPS (Rs)* | 12.93 | 14.33 | -9.76 | 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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