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COAL INDIA Announces Quarterly Results (2QFY19); Net Profit Up 736.3%

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COAL INDIA Announces Quarterly Results (2QFY19); Net Profit Up 736.3%
Wed, 14 Nov

COAL INDIA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

COAL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m181,483242,609221,981-8.5%22.3%
Other incomeRs m6,10712,10020,11366.2%229.3%
TurnoverRs m187,590254,709242,093-5.0%29.1%
ExpensesRs m169,174185,284182,838-1.3%8.1%
Gross profitRs m12,31057,32539,128-31.7%217.9%
DepreciationRs m7,1467,4528,0698.3%12.9%
InterestRs m1,0071,1038-99.3%-99.2%
Profit before taxRs m10,26460,86951,164-15.9%398.5%
TaxRs m6,57623,02520,317-11.8%209.0%
Profit after taxRs m3,68937,84330,847-18.5%736.3%
Gross profit margin%6.823.617.6
Effective tax rate%64.137.839.7
Net profit margin%2.014.912.7
* 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 grew 22.3% on a year-on-year (YoY) basis. The expenses were up by 8.1% YoY during the same period.
  • The company's operating profit increased by 217.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.6% in 2QFY19 as against 6.8% in 2QFY18.
  • Depreciation charges increased by 12.9% and finance costs declined by 99.2% YoY, respectively.
  • Other income increased by 229.3% YoY during the quarter.
  • Net profit for the quarter increased by 736.3% YoY. Net profit margins during the quarter increased from 2.0% in 2QFY18 to 12.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.3% QoQ during the same period.
  • The company's operating profit declined by 31.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.6% in 2QFY19 as against 23.6% in 1QFY18.
  • Net profit for the quarter declined by 18.5% QoQ, while net profit margins declined from 14.9% in 1QFY18 to 12.7% in 2QFY19.

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

COAL INDIA Share Price Performance

Over the last one year, COAL INDIA share price has moved up from Rs 274.5 to Rs 265.6, registering a Loss of Rs 8.9 or around 3.2%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 265.6, the price to earnings (P/E) ratio of COAL INDIA stands at 15.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.5 times.

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Apr 25, 2019 (Close)

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