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Coal India Q3 result update

Coal News - Published on Tue, 13 Feb 2018

Image Source: steelguru.com
Coal India Ltd clearly beat estimates for Q3FY18 with the company reporting strong earnings growth for the quarter. Revenue de-grew by 6.2% yoy to INR 21,643crore (expectation INR 21,662crore). EBITDA stood at INR 4,617.6 crore, up 18.2% yoy against estimates of INR 4,016 crore. EBIDTA margin rose by 440bps yoy to 21.3%. Net Profit stood at INR 3,005 crore against an estimate of INR 2,698 crore.

Offtake for 3QFY18 stood at 152.43 million tonnes, an increase of 15.8% yoy.

Production for 3QFY18 stood at 152.04 million tonnes, an increase of 3.5% yoy.

Offtake for 9MFY18 stood at 421.43 million tonnes, an increase of 7.6% yoy. This was achievement of 98% of the offtake target set for the same period.

Production for 9MFY18 stood at 383.9 million tonnes, an increase of 1.6%. This was achievement of 94% of the offtake target set for the same period.
Sales of coal through Fuel Supply Agreement stood at 121.87 million tonnes at an average realization of INR 1,182 per tonne. Total sales for this segment stood at INR 14,400 crore

Sales of coal through E-auction stood at 26.37 million tonnes at an average realization of INR 1,998 per tonne. Total sales for this segment stood at INR 5,268 crore

Sales of washed coal stood at 2.78 million tonnes at an average realization of INR 2,975 per tonne. Total sales for this segment stood at INR 827 crore

Consolidated Results Q3FY18: (Rs. in crore)

Q3FY18YoY (%)
Revenue21643[6.2]
EBITDA4617.618.2
EBITDA Margin (%)21.3440
Net Profit (adjusted)30054.2
 


***EBITDA margin change is bps

Source :

Posted By : Nanda Koijam on Tue, 13 Feb 2018
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