On consolidated basis
Quarter ended March 2024 compared
with Quarter ended March 2023.
Net sales (including other operating income) of Coal India has declined 1.94%
to Rs 37410.39 crore.
Operating profit margin has jumped
from 24.46% to 30.31%, leading to 21.47% rise in operating profit to Rs
11,337.60 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 9.49% to 8.33%. Employee cost
decreased from 41.48% to 33.55%. Other expenses rose from 26.16% to
30.03%. Expenses from contract rose from 17.19% to 20.19%.
Other direct service cost rose from 1.71% to 3.70%.
Other income rose 1.12% to Rs
2244.11 crore. PBIDT rose 17.57% to Rs 13581.71 crore. Provision
for interest rose 19.02% to Rs 232.18 crore. Loan funds rose to Rs
6,523.03 crore as of 31 March 2024 from Rs 4,331.42 crore as of 31 March
2023. Inventories rose to Rs 10,177.23 crore as of 31 March 2024 from
Rs 8,154.68 crore as of 31 March 2023. Sundry debtors were higher at
Rs 13,255.75 crore as of 31 March 2024 compared to Rs 13,060.48 crore as of 31
March 2023. Cash and bank balance declined from Rs 39,921.71 crore
as of 31 March 2023 to Rs 30,235.17 crore as of 31 March 2024. Investments
declined from Rs 7,139.41 crore as of 31 March 2023 to Rs 7,110.41 crore as of
31 March 2024.
PBDT rose 17.54% to Rs 13349.53
crore. Provision for depreciation rose 7.20% to Rs 1993.44
crore. Fixed assets increased to Rs 82,639.07 crore as of 31 March
2024 from Rs 72,297.08 crore as of 31 March 2023. Intangible assets
increased from Rs 9,872.31 crore to Rs 11,989.43 crore.
Profit before tax grew 19.57% to Rs
11,356.09 crore. Share of profit/loss was 3.81% higher at Rs 74.39
crore. Provision for tax was expense of Rs 2790.03 crore, compared
to Rs 2700.03 crore. Effective tax rate was 24.41% compared to
28.21%.
Minority interest decreased 644.21%
to Rs -41.75 crore. Net profit attributable to owners of the company
increased 26.29% to Rs 8,682.20 crore.
Equity capital stood at Rs 6,162.73
crore as of 31 March 2024 to Rs 6,162.73 crore as of 31 March
2023. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 63.13% as of 31
March 2024 ,compared to 66.13% as of 31 March 2023 .
Full year results analysis.
Net sales (including other operating income) of Coal India has increased 2.95%
to Rs 142323.98 crore.
Operating profit margin has jumped
from 32% to 33.71%, leading to 8.43% rise in operating profit to Rs 47,971.49
crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 9.76% to 8.05%. Employee cost decreased
from 35.57% to 33.91%. Other expenses rose from 39.25% to 43.87%.
Expenses from contract rose from 16.76% to 19.19%. Other
direct service cost rose from 2.61% to 4.27%.
Other income rose 21.48% to Rs
7969.08 crore. PBIDT rose 10.12% to Rs 55940.57
crore. Provision for interest rose 19.74% to Rs 819.37
crore. Loan funds rose to Rs 6,523.03 crore as of 31 March 2024 from
Rs 4,331.42 crore as of 31 March 2023. Inventories rose to Rs
10,177.23 crore as of 31 March 2024 from Rs 8,154.68 crore as of 31 March
2023. Sundry debtors were higher at Rs 13,255.75 crore as of 31
March 2024 compared to Rs 13,060.48 crore as of 31 March 2023. Cash
and bank balance declined from Rs 39,921.71 crore as of 31 March 2023 to Rs
30,235.17 crore as of 31 March 2024. Investments declined from Rs
7,139.41 crore as of 31 March 2023 to Rs 7,110.41 crore as of 31 March 2024.
PBDT rose 9.99% to Rs 55121.2
crore. Provision for depreciation fell 1.43% to Rs 6735.42
crore. Fixed assets increased to Rs 82,639.07 crore as of 31 March
2024 from Rs 72,297.08 crore as of 31 March 2023. Intangible assets
increased from Rs 9,872.31 crore to Rs 11,989.43 crore.
Profit before tax grew 11.79% to Rs
48,385.78 crore. Provision for tax was expense of Rs 11443.48 crore,
compared to Rs 11551.62 crore. Effective tax rate was 23.44%
compared to 26.69%.
Minority interest increased 17.61%
to Rs -33.16 crore. Net profit attributable to owners of the company
increased 17.75% to Rs 37,402.29 crore.
Equity capital stood at Rs 6,162.73
crore as of 31 March 2024 to Rs 6,162.73 crore as of 31 March
2023. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 63.13% as of 31
March 2024 ,compared to 66.13% as of 31 March 2023 .
Cash flow from operating activities
decreased to Rs 18,103.10 crore for year ended March 2024 from Rs 35,733.97
crore for year ended March 2023. Cash flow used in acquiring fixed
assets during the year ended March 2024 stood at Rs 16,379.95 crore, compared
to Rs 14,214.03 crore during the year ended March 2023.
Dividend: The company’s Board has
recommended a final dividend of Rs 5 per equity share.
Operational highlights:
The company’s coal supplies shot up to 201.6 MTs in the Q4
FY 2023-24, up by 8% compared to 186.9 MTs of corresponding quarter in FY
2023..
The company produced 241.75 million tonnes (MTs) of coal in
the fourth quarter of FY 2023-24 chalking up a robust 7.8% growth over a high
base of 224.16 MTs during the same quarter of last fiscal.
| Coal India : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202403 | 202303 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 37,410.39 | 38,152.34 | -1.94 | 1,42,323.98 | 1,38,251.91 | 2.95 | | OPM (%) | 30.31 | 24.46 | 584 bps | 33.71 | 32.00 | 171 bps | | OP | 11,337.60 | 9,333.30 | 21.47 | 47,971.49 | 44,240.18 | 8.43 | | Other Inc. | 2,244.11 | 2,219.17 | 1.12 | 7,969.08 | 6,559.81 | 21.48 | | PBIDT | 13,581.71 | 11,552.47 | 17.57 | 55,940.57 | 50,799.99 | 10.12 | | Interest | 232.18 | 195.07 | 19.02 | 819.37 | 684.31 | 19.74 | | PBDT | 13,349.53 | 11,357.40 | 17.54 | 55,121.20 | 50,115.68 | 9.99 | | Depreciation | 1993.44 | 1859.57 | 7.20 | 6735.42 | 6832.94 | -1.43 | | PBT | 11,356.09 | 9,497.83 | 19.57 | 48385.78 | 43282.74 | 11.79 | | Share of Profit/(Loss) from Associates | 74.39 | 71.66 | 3.81 | 426.83 | -8.14 | LP | | PBT before EO | 11430.48 | 9569.49 | 19.45 | 48812.61 | 43274.6 | 12.80 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 11430.48 | 9569.49 | 19.45 | 48812.61 | 43274.6 | 12.80 | | Taxation | 2790.03 | 2700.03 | 3.33 | 11443.48 | 11551.62 | -0.94 | | PAT | 8640.45 | 6869.46 | 25.78 | 37369.13 | 31722.98 | 17.80 | | Minority Interest (MI) | -41.75 | -5.61 | -644.21 | -33.16 | -40.25 | 17.61 | | Net profit | 8682.2 | 6875.07 | 26.29 | 37402.29 | 31763.23 | 17.75 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 8682.2 | 6875.07 | 26.29 | 37402.29 | 31763.23 | 17.75 | | EPS (Rs)* | 14.09 | 11.16 | 26.29 | 60.69 | 51.54 | 17.75 | | | * 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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