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Coal India: E-Auction Volumes Boost Revenue - Views on News from Equitymaster
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Coal India: E-Auction Volumes Boost Revenue
Feb 22, 2016

Coal India has announced the third quarter results of financial year 2015-2016 (3QFY16). While the topline increased by 7% YoY, bottomline grew at 14% YoY during the quarter.

Financial Performance

  • Income from operations increased by 7% YoY during 3QFY16.
  • Operating Margin has also increased by 2.6% to 24.6% from 22% during 3QFY15.
  • Other income declined during this quarter by 17.2%.
  • Net profit grew by 14% YoY during 3QFY16 on back of increasing in operating profit which has increased by 19.7% YoY during 3QFY16.
  • Net profit for the 9MFY16 grew by 5.7% YoY.

Consolidated Financial Performance

(Rs m) 3QFY15 3QFY16 Change 9Mfy15 9MFY16 Change
Total Income 183,105 195,994 7.0% 527,805 566,074 7.3%
Total Expenses 142,829 147,796 3.5% 414,099 438,349 5.9%
Operating profit (EBITDA) 40,276 48,198 19.7% 113,706 127,725 12.3%
Operating profit margin (%) 22.0% 24.6%   21.5% 22.6%  
Other income 16,344 13,539 -17.2% 48,445 42,324 -12.6%
Interest 22 30 33.8% 44 85 92.3%
Depreciation 5,672 6,279 10.7% 16,218 17,718 9.2%
Profit before tax & exceptional items 50,925 55,429 8.8% 145,889 152,245 4.4%
Exceptional item 170 (337)   (36) (359)  
Tax 18,131 18,584 2.5% 51,044 52,341 2.5%
Net Profit 32,625 37,182.4 14.0% 94,880.7 100,263.7 5.7%
Net profit margin (%) 17.8% 19.0%   18.0% 17.7%  
No. of shares (m)         6316  
Basic diluted earnings per share (Rs) ^       22.6  
P/E ratio (x) *         13.8  

* On trailing 12 month basis

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