COAL INDIA Announces Quarterly Results (1QFY21); Net Profit Down 55.1%

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COAL INDIA Announces Quarterly Results (1QFY21); Net Profit Down 55.1%
Wed, 23 Sep

COAL INDIA has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

COAL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m249,390275,682184,868-32.9%-25.9%
Other incomeRs m11,50219,1327,851-59.0%-31.7%
TurnoverRs m260,892294,814192,718-34.6%-26.1%
ExpensesRs m183,266208,394154,351-25.9%-15.8%
Gross profitRs m66,12467,28930,517-54.6%-53.8%
DepreciationRs m7,34310,2948,526-17.2%16.1%
InterestRs m1661,6511,83010.8%1004.1%
Profit before taxRs m70,11874,47528,012-62.4%-60.1%
TaxRs m23,81128,2167,226-74.4%-69.7%
Profit after taxRs m46,30646,25920,786-55.1%-55.1%
Gross profit margin%26.524.416.5
Effective tax rate%34.037.925.8
Net profit margin%17.715.710.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 25.9% on a year-on-year (YoY) basis. The expenses were down by 15.8% YoY during the same period.
  • The company's operating profit declined by 53.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.5% in 1QFY21 as against 26.5% in 1QFY20.
  • Depreciation charges increased by 16.1% and finance costs increased by 1004.1% YoY, respectively.
  • Other income declined by 31.7% YoY during the quarter.
  • Net profit for the quarter declined by 55.1% YoY. Net profit margins during the quarter declined from 17.7% in 1QFY20 to 10.8% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 32.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 25.9% QoQ during the same period.
  • The company's operating profit declined by 54.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.5% in 1QFY21 as against 24.4% in 4QFY20.
  • Net profit for the quarter declined by 55.1% QoQ, while net profit margins declined from 15.7% in 4QFY20 to 10.8% in 1QFY21.

To see how COAL INDIA has performed over the last eight quarters,please visit here.

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COAL INDIA Share Price Performance

Over the last one year, COAL INDIA share price has moved down from Rs 202.5 to Rs 120.0, registering a Loss of Rs 82.5 or around 40.8%.

Overall, the S&P BSE SENSEX is down 4.4% over the year.

Current Valuations

At the current price of Rs 120.0, the price to earnings (P/E) ratio of COAL INDIA stands at 5.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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