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Coal India: Price Hike, E-Auction Volumes to Support Growth - Views on News from Equitymaster
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  • Jun 23, 2016 - Coal India: Price Hike, E-Auction Volumes to Support Growth

Coal India: Price Hike, E-Auction Volumes to Support Growth
Jun 23, 2016

Coal India has announced the fourth quarter results of financial year 2015-2016 (4QFY16). While the topline increased by 0.3% YoY, the bottomline grew at 0.2% YoY during the quarter.

Performance summary
  • Income from operations increased by 0.3% YoY during 4QFY16.
  • Operating Margin has shrink by 2.1% to 25.9% from 28% during 4QFY15.
  • Other income declined during this quarter by 13.3%.
  • Net profit grew merely by 0.2% YoY during 4QFY16 on the back of flat operating profit, decline in other income. However, tax outgo declined by 24.4% YoY during this quarter.
  • Net profit for the FY16 grew by 4% YoY.

    Financial Snapshot
    (Rs m) 4QFY15 4QFY16 Change FY15 FY16 Change
    Total Income 213,396 214,028 0.3% 741,201 780,101 5.2%
    Total Expenses 153,748 158,689 3.2% 567,847 597,038 5.1%
    Operating profit (EBITDA) 59,648 55,338 -7.2% 173,354 183,063 5.6%
    Operating profit margin (%) 28.0% 25.9% 23.4% 23.5%
    Other income 17,261 14,960 -13.3% 65,706 57,285 -12.8%
    Interest 29 121 319.7% 73 207 182.1%
    Depreciation 6,980 6,946 -0.5% 23,198 24,664 6.3%
    Profit before tax & exceptional items 69,900 63,231 -9.5% 215,789 215,476 -0.1%
    Exceptional item -14 -56 -50 -415
    Tax 27,529 20,807 -24.4% 78,573 73,148 -6.9%
    Net Profit 42,385 42,479.3 0.2% 137,266 142,743 4.0%
    Net profit margin (%) 19.9% 19.8% 18.5% 18.3%
    No. of shares (m) 6,316
    Basic diluted earnings per share (Rs) ^ 22.6
    P/E ratio (x) * 14.0

    * On trailing 12 month basis

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