On consolidated basis
Quarter ended September 2022
compared with Quarter ended September 2021.
Net sales (including other operating income) of Coal India has increased 28.11%
to Rs 29838.07 crore.
Operating profit margin has jumped
from 16.93% to 24.40%, leading to 84.67% rise in operating profit to Rs
7,280.17 crore. Raw material cost as a % of total sales (net of
stock adjustments) increased from 8.61% to 10.56%. Purchase of
finished goods cost rose from 0.20% to 0.43%. Employee cost
decreased from 43.75% to 37.63%. Other expenses fell from 29.38% to
26.08%. Power and Oil fuel cost fell from 3.20% to 2.53%.
Expenses from contract fell from 18.29% to 15.36%.
Provisions writeoffs cost fell from 0.64% to 0.03%.
Other provisions fell from 0.64% to 0.03%.
Other income rose 125.29% to Rs
1761.17 crore. PBIDT rose 91.39% to Rs 9041.34
crore. Provision for interest fell 4.39% to Rs 135.15
crore. Loan funds rose to Rs 3,915.59 crore as of 30 September 2022
from Rs 3,351.82 crore as of 30 September 2021. Inventories declined
from Rs 5,556.64 crore as of 30 September 2021 to Rs 5,018.28 crore as of 30
September 2022. Sundry debtors were lower at Rs 13,545.81 crore as
of 30 September 2022 compared to Rs 14,902.15 crore as of 30 September
2021. Cash and bank balance rose to Rs 38,715.03 crore as of 30
September 2022 from Rs 20,093.66 crore as of 30 September
2021. Investments declined from Rs 11,043.69 crore as of 30
September 2021 to Rs 8,313.87 crore as of 30 September 2022.
PBDT rose 94.34% to Rs 8906.19
crore. Provision for depreciation rose 15.27% to Rs 1077.07
crore. Fixed assets increased to Rs 58,424.34 crore as of 30
September 2022 from Rs 54,012.46 crore as of 30 September
2021. Intangible assets increased from Rs 148.75 crore to Rs
4,942.27 crore.
Profit before tax grew 114.60% to Rs
7,829.12 crore. Share of profit/loss was 2,693.69% lower at Rs
-141.64 crore. Provision for tax was expense of Rs 1643.49 crore,
compared to Rs 710.51 crore. Effective tax rate was 21.38% compared
to 19.50%.
Net profit attributable to owners of
the company increased 105.78% to Rs 6,043.55 crore.
Equity capital stood at Rs 6,162.73
crore as of 30 September 2022 to Rs 6,162.73 crore as of 30 September 2021. Per
share face Value remained same at Rs 10.00.
Promoters’ stake was 66.13% as of 30
September 2022 ,compared to 66.13% as of 30 September 2021 .
Year-to-date (YTD) results analysis.
Net sales (including other operating income) of Coal India has increased 33.67%
to Rs 64930.24 crore.
Operating profit margin has jumped
from 18.09% to 30.08%, leading to 122.29% rise in operating profit to Rs
19,531.01 crore. Raw material cost as a % of total sales (net of
stock adjustments) increased from 8.29% to 9.76%. Purchase of
finished goods cost fell from 0.25% to 0.20%. Employee cost
decreased from 44.42% to 33.45%. Other expenses fell from 27.48% to
25.33%. Power and Oil fuel cost fell from 2.93% to 2.17%.
Expenses from contract fell from 17.85% to 15.98%.
Provisions writeoffs cost fell from 0.47% to 0.05%.
Other provisions fell from 0.47% to 0.05%.
Other income rose 88.39% to Rs
2755.68 crore. PBIDT rose 117.45% to Rs 22286.69
crore. Provision for interest fell 1.25% to Rs 285.38 crore. Loan
funds rose to Rs 3,915.59 crore as of 30 September 2022 from Rs 3,351.82 crore
as of 30 September 2021. Inventories declined from Rs 5,556.64 crore
as of 30 September 2021 to Rs 5,018.28 crore as of 30 September 2022. Sundry
debtors were lower at Rs 13,545.81 crore as of 30 September 2022 compared to Rs
14,902.15 crore as of 30 September 2021. Cash and bank balance rose
to Rs 38,715.03 crore as of 30 September 2022 from Rs 20,093.66 crore as of 30
September 2021. Investments declined from Rs 11,043.69 crore as of
30 September 2021 to Rs 8,313.87 crore as of 30 September 2022.
PBDT rose 120.90% to Rs 22001.31
crore. Provision for depreciation rose 4.85% to Rs 2070.82
crore. Fixed assets increased to Rs 58,424.34 crore as of 30
September 2022 from Rs 54,012.46 crore as of 30 September
2021. Intangible assets increased from Rs 148.75 crore to Rs
4,942.27 crore.
Profit before tax grew 149.60% to Rs
19,930.49 crore. Share of profit/loss was 2,593.17% lower at Rs
-165.63 crore. Provision for tax was expense of Rs 4886.65 crore,
compared to Rs 1871.93 crore. Effective tax rate was 24.72% compared
to 23.46%.
Minority interest increased
1,536.36% to Rs 1.80 crore. Net profit attributable to owners of the
company increased 143.61% to Rs 14,876.41 crore.
Equity capital stood at Rs 6,162.73
crore as of 30 September 2022 to Rs 6,162.73 crore as of 30 September
2021. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 66.13% as of 30
September 2022 ,compared to 66.13% as of 30 September 2021 .
Cash flow from operating activities
decreased to Rs 15,522.10 crore for YTD ended September 2022 from Rs 16,098.98
crore for YTD ended September 2021. Cash flow used in acquiring
fixed assets during the YTD ended September 2022 stood at Rs 5,731.66 crore,
compared to Rs 4,415.52 crore during the YTD ended September 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 139.23 million Ton in Q2FY2023 as against 125.84
million ton in Q2FY2022.
Off take
stood at 154.53 million ton in Q2FY2023 as against 147.43 million ton in Q2FY2022.
The
company produced raw coal of 298.98 million Ton in H1FY2023 as against 249.81
million ton in H1FY2022.
Off take
stood at 332.03 million ton in H1FY2023 as against 307.87 million ton in H1FY2022.
Dividend;
The Board of Directors have declared 1st interim dividend of Rs 15
per equity share of Rs 10/- each.
| Coal India : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202209 | 202109 | Var.(%) | 202209 | 202109 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 29,838.07 | 23,291.08 | 28.11 | 64,930.24 | 48,573.23 | 33.67 | 1,09,713.50 | 90,026.01 | 21.87 | | OPM (%) | 24.40 | 16.93 | 747 bps | 30.08 | 18.09 | 1,199 bps | 22.50 | 20.69 | 181 bps | | OP | 7,280.17 | 3,942.31 | 84.67 | 19,531.01 | 8,786.21 | 122.29 | 24,690.51 | 18,629.47 | 32.53 | | Other Inc. | 1,761.17 | 781.75 | 125.29 | 2,755.68 | 1,462.73 | 88.39 | 3,904.52 | 3,742.83 | 4.32 | | PBIDT | 9,041.34 | 4,724.06 | 91.39 | 22,286.69 | 10,248.94 | 117.45 | 28,595.03 | 22,372.30 | 27.81 | | Interest | 135.15 | 141.36 | -4.39 | 285.38 | 288.98 | -1.25 | 541.49 | 642.24 | -15.69 | | PBDT | 8,906.19 | 4,582.70 | 94.34 | 22,001.31 | 9,959.96 | 120.90 | 28,053.54 | 21,730.06 | 29.10 | | Depreciation | 1077.07 | 934.39 | 15.27 | 2070.82 | 1975 | 4.85 | 4428.67 | 3717.85 | 19.12 | | PBT | 7,829.12 | 3,648.31 | 114.60 | 19930.49 | 7984.96 | 149.60 | 23624.87 | 18012.21 | 31.16 | | Share of Profit/(Loss) from Associates | -141.64 | -5.07 | -2,693.69 | -165.63 | -6.15 | -2,593.17 | -8.59 | -2.97 | -189.23 | | PBT before EO | 7687.48 | 3643.24 | 111.01 | 19764.86 | 7978.81 | 147.72 | 23616.28 | 18009.24 | 31.13 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 7687.48 | 3643.24 | 111.01 | 19764.86 | 7978.81 | 147.72 | 23616.28 | 18009.24 | 31.13 | | Taxation | 1643.49 | 710.51 | 131.31 | 4886.65 | 1871.93 | 161.05 | 6237.86 | 5307.07 | 17.54 | | PAT | 6043.99 | 2932.73 | 106.09 | 14878.21 | 6106.88 | 143.63 | 17378.42 | 12702.17 | 36.81 | | Minority Interest (MI) | 0.44 | -4.18 | PL | 1.8 | 0.11 | 1,536.36 | 20.32 | 2.28 | 791.23 | | Net profit | 6043.55 | 2936.91 | 105.78 | 14876.41 | 6106.77 | 143.61 | 17358.1 | 12699.89 | 36.68 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 6043.55 | 2936.91 | 105.78 | 14876.41 | 6106.77 | 143.61 | 17358.1 | 12699.89 | 36.68 | | EPS (Rs)* | 9.81 | 4.77 | 105.78 | 24.14 | 9.91 | 143.61 | 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 |
|
|