COAL INDIA Announces Quarterly Results (2QFY20); Net Profit Up 14.2%

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COAL INDIA Announces Quarterly Results (2QFY20); Net Profit Up 14.2%
Thu, 14 Nov

COAL INDIA has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

COAL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m221,981249,390203,826-18.3%-8.2%
Other incomeRs m20,11311,50216,30341.7%-18.9%
TurnoverRs m242,093260,892220,129-15.6%-9.1%
ExpensesRs m182,838183,266167,715-8.5%-8.3%
Gross profitRs m39,12866,12436,112-45.4%-7.7%
DepreciationRs m8,0697,3437,9308.0%-1.7%
InterestRs m81661,700925.7%20882.7%
Profit before taxRs m51,16470,11842,785-39.0%-16.4%
TaxRs m20,31723,8117,543-68.3%-62.9%
Profit after taxRs m30,84746,30635,243-23.9%14.2%
Gross profit margin%17.626.517.7
Effective tax rate%39.734.017.6
Net profit margin%12.717.716.0
* 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 8.2% on a year-on-year (YoY) basis. The expenses were down by 8.3% YoY during the same period.
  • The company's operating profit declined by 7.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 17.7% in 2QFY20.
  • Depreciation charges declined by 1.7% and finance costs increased by 20882.7% YoY, respectively.
  • Other income declined by 18.9% YoY during the quarter.
  • Net profit for the quarter increased by 14.2% YoY. Net profit margins during the quarter increased from 12.7% in 2QFY19 to 16.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.5% QoQ during the same period.
  • The company's operating profit declined by 45.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.7% in 2QFY20 as against 26.5% in 1QFY19.
  • Net profit for the quarter declined by 23.9% QoQ, while net profit margins declined from 17.7% in 1QFY19 to 16.0% in 2QFY20.

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

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

COAL INDIA Share Price Performance

Over the last one year,COAL INDIA share price has moved down from Rs 265.6 to Rs 203.2, registering a Loss of Rs 62.4 or around 23.5%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 203.2, the price to earnings (P/E) ratio of COAL INDIA stands at 6.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.

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