On consolidated basis
Quarter ended September 2023
compared with Quarter ended September 2022.
Net sales (including other operating income) of Coal India has increased 9.85%
to Rs 32776.41 crore.
Operating profit margin has jumped
from 24.40% to 24.83%, leading to 11.77% rise in operating profit to Rs
8,137.00 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 10.56% to 8.22%. Employee cost
decreased from 37.63% to 37.09%. Other expenses rose from 26.08% to
28.77%. Expenses from contract rose from 15.36% to 17.59%.
Other income rose 12.65% to Rs
1983.89 crore. PBIDT rose 11.94% to Rs 10120.89
crore. Provision for interest rose 35.02% to Rs 182.48
crore. Loan funds rose to Rs 6,313.06 crore as of 30 September 2023
from Rs 3,915.59 crore as of 30 September 2022. Inventories rose to
Rs 6,772.21 crore as of 30 September 2023 from Rs 5,018.28 crore as of 30
September 2022. Sundry debtors were higher at Rs 15,604.33 crore as
of 30 September 2023 compared to Rs 13,545.81 crore as of 30 September
2022. Cash and bank balance declined from Rs 38,715.03 crore as of
30 September 2022 to Rs 37,077.86 crore as of 30 September
2023. Investments rose to Rs 8,355.10 crore as of 30 September 2023
from Rs 8,313.87 crore as of 30 September 2022 .
PBDT rose 11.59% to Rs 9938.41
crore. Provision for depreciation rose 9.39% to Rs 1178.16
crore. Fixed assets increased to Rs 63,016.83 crore as of 30
September 2023 from Rs 58,424.34 crore as of 30 September
2022. Intangible assets increased from Rs 4,942.27 crore to Rs
10,767.04 crore.
Profit before tax grew 11.89% to Rs
8,760.25 crore. Provision for tax was expense of Rs 2036.51 crore,
compared to Rs 1643.49 crore. Effective tax rate was 23.01% compared
to 21.38%.
Minority interest increased
3,020.45% to Rs 13.73 crore. Net profit attributable to owners of
the company increased 12.51% to Rs 6,799.77 crore.
Equity capital stood at Rs 6,162.73
crore as of 30 September 2023 to Rs 6,162.73 crore as of 30 September
2022. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 63.13% as of 30
September 2023 ,compared to 66.13% as of 30 September 2022 .
Year-to-date (YTD) results analysis.
Net sales (including other operating income) of Coal India has increased 5.90%
to Rs 68759.62 crore.
Operating profit margin has declined
from 30.08% to 27.12%, leading to 4.51% decline in operating profit to Rs
18,650.85 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 9.76% to 8.27%. Employee cost
increased from 33.45% to 35.47%. Other expenses rose from 25.33% to
28.31%. Expenses from contract rose from 15.98% to 18.29%.
Other income rose 27.80% to Rs
3521.71 crore. PBIDT fell 0.51% to Rs 22172.56
crore. Provision for interest rose 26.29% to Rs 360.42
crore. Loan funds rose to Rs 6,313.06 crore as of 30 September 2023
from Rs 3,915.59 crore as of 30 September 2022. Inventories rose to
Rs 6,772.21 crore as of 30 September 2023 from Rs 5,018.28 crore as of 30
September 2022. Sundry debtors were higher at Rs 15,604.33 crore as
of 30 September 2023 compared to Rs 13,545.81 crore as of 30 September
2022. Cash and bank balance declined from Rs 38,715.03 crore as of
30 September 2022 to Rs 37,077.86 crore as of 30 September
2023. Investments rose to Rs 8,355.10 crore as of 30 September 2023
from Rs 8,313.87 crore as of 30 September 2022 .
PBDT fell 0.86% to Rs 21812.14
crore. Provision for depreciation rose 11.87% to Rs 2316.54
crore. Fixed assets increased to Rs 63,016.83 crore as of 30
September 2023 from Rs 58,424.34 crore as of 30 September
2022. Intangible assets increased from Rs 4,942.27 crore to Rs
10,767.04 crore.
Profit before tax down 2.18% to Rs
19,495.60 crore. Provision for tax was expense of Rs 4807.44 crore,
compared to Rs 4886.65 crore. Effective tax rate was 24.57% compared
to 24.72%.
Net profit attributable to owners of
the company decreased 0.71% to Rs 14,770.81 crore.
Equity capital stood at Rs 6,162.73
crore as of 30 September 2023 to Rs 6,162.73 crore as of 30 September
2022. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 63.13% as of 30
September 2023 ,compared to 66.13% as of 30 September 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 157.426 million tonnes in Q2FY2024
as against 139.228 million tonnes in Q2FY2023. Off take (Raw Coal) stood at 173.731
million tonnes in Q2FY2024 as against 154.533 million tones in Q2FY2023.
FSA sale stood at 154.65 million tones in Q2FY2024.
Realization per tonne of coal under FSA category was Rs. 1,541.75 per tonne of
Q2 FY2024.
For Q2FY2024 realization per tonne of coal under e-auction
was Rs 2838.14 per tonne.
| Coal India : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202309 | 202209 | Var.(%) | 202309 | 202209 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 32,776.41 | 29,838.07 | 9.85 | 68,759.62 | 64,930.24 | 5.90 | 1,38,251.91 | 1,09,715.42 | 26.01 | | OPM (%) | 24.83 | 24.40 | 43 bps | 27.12 | 30.08 | -296 bps | 26.63 | 22.53 | 411 bps | | OP | 8,137.00 | 7,280.17 | 11.77 | 18,650.85 | 19,531.01 | -4.51 | 36,817.87 | 24,713.62 | 48.98 | | Other Inc. | 1,983.89 | 1,761.17 | 12.65 | 3,521.71 | 2,755.68 | 27.80 | 6,550.66 | 3,881.41 | 68.77 | | PBIDT | 10,120.89 | 9,041.34 | 11.94 | 22,172.56 | 22,286.69 | -0.51 | 43,368.53 | 28,595.03 | 51.66 | | Interest | 182.48 | 135.15 | 35.02 | 360.42 | 285.38 | 26.29 | 684.31 | 541.49 | 26.38 | | PBDT | 9,938.41 | 8,906.19 | 11.59 | 21,812.14 | 22,001.31 | -0.86 | 42,684.22 | 28,053.54 | 52.15 | | Depreciation | 1178.16 | 1077.07 | 9.39 | 2316.54 | 2070.82 | 11.87 | 4675.27 | 4428.67 | 5.57 | | PBT | 8,760.25 | 7,829.12 | 11.89 | 19495.6 | 19930.49 | -2.18 | 38008.95 | 23624.87 | 60.89 | | Share of Profit/(Loss) from Associates | 89.76 | -141.64 | LP | 66.74 | -165.63 | LP | -8.14 | -8.59 | 5.24 | | PBT before EO | 8850.01 | 7687.48 | 15.12 | 19562.34 | 19764.86 | -1.02 | 38000.81 | 23616.28 | 60.91 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 8850.01 | 7687.48 | 15.12 | 19562.34 | 19764.86 | -1.02 | 38000.81 | 23616.28 | 60.91 | | Taxation | 2036.51 | 1643.49 | 23.91 | 4807.44 | 4886.65 | -1.62 | 9875.87 | 6237.86 | 58.32 | | PAT | 6813.5 | 6043.99 | 12.73 | 14754.9 | 14878.21 | -0.83 | 28124.94 | 17378.42 | 61.84 | | Minority Interest (MI) | 13.73 | 0.44 | 3,020.45 | -15.91 | 1.8 | LP | -40.25 | 20.32 | LP | | Net profit | 6799.77 | 6043.55 | 12.51 | 14770.81 | 14876.41 | -0.71 | 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 | 6799.77 | 6043.55 | 12.51 | 14770.81 | 14876.41 | -0.71 | 28165.19 | 17358.1 | 62.26 | | EPS (Rs)* | 11.03 | 9.81 | 12.51 | 23.97 | 24.14 | -0.71 | 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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