On consolidated basis
Quarter ended December 2022 compared
with Quarter ended December 2021.
Net sales (including other operating income) of Coal India has increased 23.69%
to Rs 35169.33 crore.
Operating profit margin has jumped
from 24.01% to 29.54%, leading to 52.20% rise in operating profit to Rs
10,388.72 crore. Raw material cost as a % of total sales (net of
stock adjustments) increased from 8.68% to 10.07%. Employee cost
decreased from 36.08% to 32.46%. Other expenses fell from 30.46% to
27.30%. Power and Oil fuel cost fell from 2.60% to 2.00%.
Expenses from contract fell from 18.86% to 17.64%.
Other income rose 142.78% to Rs
1584.96 crore. PBIDT rose 60.11% to Rs 11973.68
crore. Provision for interest rose 54.90% to Rs 203.86
crore.
PBDT rose 60.21% to Rs 11769.82
crore. Provision for depreciation rose 21.19% to Rs 1261.97
crore.
Profit before tax grew 66.65% to Rs
10,507.85 crore. Provision for tax was expense of Rs 2874.57 crore,
compared to Rs 1745.66 crore. Effective tax rate was 27.13% compared
to 27.70%.
Minority interest decreased
1,869.73% to Rs -36.44 crore. Net profit attributable to owners of
the company increased 70.14% to Rs 7,755.55 crore.
Promoters’ stake was 66.13% as of 31
December 2022 ,compared to 66.13% as of 31 December 2021 .
Year-to-date (YTD) results analysis.
Net sales (including other operating income) of Coal India has increased 29.99%
to Rs 100099.57 crore.
Operating profit margin has jumped
from 20.27% to 29.89%, leading to 91.65% rise in operating profit to Rs
29,919.73 crore. Raw material cost as a % of total sales (net of
stock adjustments) increased from 8.44% to 9.87%. Purchase of
finished goods cost rose from 0.15% to 0.45%. Employee cost decreased
from 41.25% to 33.09%. Other expenses fell from 28.61% to 26.05%.
Power and Oil fuel cost fell from 2.81% to 2.11%.
Expenses from contract fell from 18.24% to 16.58%.
Provisions writeoffs cost fell from 0.29% to 0.04%.
Other provisions fell from 0.29% to 0.04%.
Other income rose 105.17% to Rs
4340.64 crore. PBIDT rose 93.26% to Rs 34260.37
crore. Provision for interest rose 16.32% to Rs 489.24
crore.
PBDT rose 95.13% to Rs 33771.13
crore. Provision for depreciation rose 10.49% to Rs 3332.79
crore.
Profit before tax grew 113% to Rs
30,438.34 crore. Share of profit/loss was 753.48% lower at Rs -79.8
crore. Provision for tax was expense of Rs 7761.22 crore, compared
to Rs 3617.59 crore. Effective tax rate was 25.57% compared to 25.33%.
Minority interest decreased
1,890.80% to Rs -34.64 crore. Net profit attributable to owners of
the company increased 112.20% to Rs 22,631.96 crore.
Promoters’ stake was 66.13% as of 31
December 2022 ,compared to 66.13% as of 31 December 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 180.064 million Ton in Q3FY2023 as against 163.819
million ton in Q3FY2022.
Off take
stood at 175.789 million ton in Q3FY2023 as against 173.764 million ton in Q3FY2022.
Dividend;
The Board of Directors have declared 2nd interim dividend of Rs 5.25 per equity
share of Rs 10/- each.
| Coal India : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 35,169.33 | 28,433.50 | 23.69 | 1,00,099.57 | 77,006.73 | 29.99 | 1,09,713.50 | 90,026.01 | 21.87 | | OPM (%) | 29.54 | 24.01 | 553 bps | 29.89 | 20.27 | 962 bps | 22.50 | 20.69 | 181 bps | | OP | 10,388.72 | 6,825.48 | 52.20 | 29,919.73 | 15,611.69 | 91.65 | 24,690.51 | 18,629.47 | 32.53 | | Other Inc. | 1,584.96 | 652.85 | 142.78 | 4,340.64 | 2,115.58 | 105.17 | 3,904.52 | 3,742.83 | 4.32 | | PBIDT | 11,973.68 | 7,478.33 | 60.11 | 34,260.37 | 17,727.27 | 93.26 | 28,595.03 | 22,372.30 | 27.81 | | Interest | 203.86 | 131.61 | 54.90 | 489.24 | 420.59 | 16.32 | 541.49 | 642.24 | -15.69 | | PBDT | 11,769.82 | 7,346.72 | 60.21 | 33,771.13 | 17,306.68 | 95.13 | 28,053.54 | 21,730.06 | 29.10 | | Depreciation | 1261.97 | 1041.32 | 21.19 | 3332.79 | 3016.32 | 10.49 | 4428.67 | 3717.85 | 19.12 | | PBT | 10,507.85 | 6,305.40 | 66.65 | 30438.34 | 14290.36 | 113.00 | 23624.87 | 18012.21 | 31.16 | | Share of Profit/(Loss) from Associates | 85.83 | -3.2 | LP | -79.8 | -9.35 | -753.48 | -8.59 | -2.97 | -189.23 | | PBT before EO | 10593.68 | 6302.2 | 68.09 | 30358.54 | 14281.01 | 112.58 | 23616.28 | 18009.24 | 31.13 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 10593.68 | 6302.2 | 68.09 | 30358.54 | 14281.01 | 112.58 | 23616.28 | 18009.24 | 31.13 | | Taxation | 2874.57 | 1745.66 | 64.67 | 7761.22 | 3617.59 | 114.54 | 6237.86 | 5307.07 | 17.54 | | PAT | 7719.11 | 4556.54 | 69.41 | 22597.32 | 10663.42 | 111.91 | 17378.42 | 12702.17 | 36.81 | | Minority Interest (MI) | -36.44 | -1.85 | -1,869.73 | -34.64 | -1.74 | -1,890.80 | 20.32 | 2.28 | 791.23 | | Net profit | 7755.55 | 4558.39 | 70.14 | 22631.96 | 10665.16 | 112.20 | 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 | 7755.55 | 4558.39 | 70.14 | 22631.96 | 10665.16 | 112.20 | 17358.1 | 12699.89 | 36.68 | | EPS (Rs)* | 12.58 | 7.40 | 70.14 | 36.72 | 17.31 | 112.20 | 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 |
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