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Coal India: Higher production and offtake boost earnings - Views on News from Equitymaster
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  • Nov 19, 2015 - Coal India: Higher production and offtake boost earnings

Coal India: Higher production and offtake boost earnings
Nov 19, 2015

Coal India has announced the second quarter results of financial year 2015-2016 (2QFY16). While the topline increased by 8.2% YoY, bottomline grew at 16% YoY during the quarter.

Performance summary

  • Income from operations increased by 8.2% YoY during 2QFY16.
  • Operating Margin has also increased by 1.4% to 17.2% from 15.8% during 2QFY15.
  • Other income declined during this quarter by 6.8%.
  • Net profit grew by 16% YoY during 2QFY16 on back of increasing in operating profit which has increased by 17.7% YoY during 2QFY16.
  • Net profit for the first half grew merely by 1.3% YoY.

Consolidated Financial Performance

(Rs m) 2QFY15 2QFY16 Change 1HFY15 1HFY16 Change
Total Income 161,645 174,899 8.2% 344,701 370,080 7.4%
Total Expenses 136,084 144,815 6.4% 271,270 290,553 7.1%
Operating profit (EBITDA) 25,560 30,084 17.7% 73,431 79,526 8.3%
Operating profit margin (%) 15.8% 17.2%   21.3% 21.5%  
Other income 15,357 14,314 -6.8% 32,101 28,785 -10.3%
Interest 11 15 42.1% 22 56 151.1%
Depreciation 5,363 5,864 9.3% 10,546 11,439 8.5%
Profit before tax & exceptional items 35,543 38,518 8.4% 94,964 96,816 2.0%
Exceptional Item 48 248 414.6% 206 22  
Tax 13,668 13,328 -2.5% 32,913 33,757 2.6%
Net Profit 21,924 25,438 16.0% 62,256 63,081 1.3%
Net profit margin (%) 13.6% 14.5%   18.1% 17.0%  
No. of shares (m)         6316  
Basic diluted earnings per share (Rs) ^         21.9  
P/E ratio (x) *         15.2  

* On trailing 12 month basis

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Oct 19, 2017 07:33 PM

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