On consolidated basis
Quarter ended March 2023 compared
with Quarter ended March 2022.
Net sales (including other operating income) of Coal India has increased 16.64%
to Rs 38152.34 crore.
Operating profit margin has declined
from 27.83% to 18.08%, leading to 24.21% decline in operating profit to Rs
6,898.14 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 9.53% to 9.49%. Purchase of
finished goods cost rose from 0.02% to 0.06%. Employee cost
increased from 30.30% to 41.47%. Other expenses fell from 34.17% to
32.13%. Power and Oil fuel cost fell from 1.73% to 1.70%.
Expenses from contract rose from 16.20% to 17.19%. Provisions
writeoffs cost rose from 0.07% to 1.29%. Other provisions rose from
0.07% to 1.29%.
Other income rose 25.15% to Rs
2210.02 crore. PBIDT fell 16.19% to Rs 9108.16
crore. Provision for interest rose 61.35% to Rs 195.07
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 fell 17.06% to Rs 8913.09
crore. Provision for depreciation fell 4.95% to Rs 1342.48
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 down 18.90% to Rs
7,570.61 crore. Share of profit/loss was 9,328.95% higher at Rs
71.66 crore. Provision for tax was expense of Rs 2114.65 crore,
compared to Rs 2620.27 crore. Effective tax rate was 27.67% compared
to 28.07%.
Net profit attributable to owners of
the company decreased 17.33% to Rs 5,533.23 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 .
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%. Power and Oil fuel cost fell from 2.46% to 1.99%.
Expenses from contract fell from 17.57% to 16.76%.
Provisions writeoffs cost rose from 0.17% to 0.41%.
Other provisions rose from 0.17% to 0.41%.
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:
FSA sale increased to 167.45 MTs in Q4 FY’23 compared to
150.11 MTs of preceding fiscal’s Q4. Realization per tonne of coal under FSA
category was Rs. 1,550, an increase of 5%, compared to Rs. 1,470 per tonne of
Q4 FY’22.
For FY2023 realization per tonne of coal under e-auction was
Rs. 4,841 against Rs. 1,879 per tonne in FY’22, up 157.6%. The same in case of
FSA sales was Rs. 1,475 compared to Rs.1,406 of FY’22.
Dividend;
The Board of Directors have declared final dividend of Rs 4.0 per equity share
of Rs 10/- each.
| Coal India : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202303 | 202203 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 38,152.34 | 32,708.69 | 16.64 | 1,38,251.91 | 1,09,715.42 | 26.01 | | OPM (%) | 18.08 | 27.83 | -975 bps | 26.63 | 22.53 | 411 bps | | OP | 6,898.14 | 9,101.93 | -24.21 | 36,817.87 | 24,713.62 | 48.98 | | Other Inc. | 2,210.02 | 1,765.83 | 25.15 | 6,550.66 | 3,881.41 | 68.77 | | PBIDT | 9,108.16 | 10,867.76 | -16.19 | 43,368.53 | 28,595.03 | 51.66 | | Interest | 195.07 | 120.90 | 61.35 | 684.31 | 541.49 | 26.38 | | PBDT | 8,913.09 | 10,746.86 | -17.06 | 42,684.22 | 28,053.54 | 52.15 | | Depreciation | 1342.48 | 1412.35 | -4.95 | 4675.27 | 4428.67 | 5.57 | | PBT | 7,570.61 | 9,334.51 | -18.90 | 38008.95 | 23624.87 | 60.89 | | Share of Profit/(Loss) from Associates | 71.66 | 0.76 | 9,328.95 | -8.14 | -8.59 | 5.24 | | PBT before EO | 7642.27 | 9335.27 | -18.14 | 38000.81 | 23616.28 | 60.91 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 7642.27 | 9335.27 | -18.14 | 38000.81 | 23616.28 | 60.91 | | Taxation | 2114.65 | 2620.27 | -19.30 | 9875.87 | 6237.86 | 58.32 | | PAT | 5527.62 | 6715 | -17.68 | 28124.94 | 17378.42 | 61.84 | | Minority Interest (MI) | -5.61 | 22.06 | LP | -40.25 | 20.32 | LP | | Net profit | 5533.23 | 6692.94 | -17.33 | 28165.19 | 17358.1 | 62.26 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 5533.23 | 6692.94 | -17.33 | 28165.19 | 17358.1 | 62.26 | | EPS (Rs)* | 8.98 | 10.86 | -17.33 | 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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