COAL INDIA Announces Quarterly Results (2QFY21); Net Profit Down 16.3%

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COAL INDIA Announces Quarterly Results (2QFY21); Net Profit Down 16.3%
Wed, 25 Nov

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

COAL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m203,826184,868211,53114.4%3.8%
Other incomeRs m16,3037,85110,84838.2%-33.5%
TurnoverRs m220,129192,718222,37815.4%1.0%
ExpensesRs m167,715154,351171,78211.3%2.4%
Gross profitRs m36,11230,51739,74930.3%10.1%
DepreciationRs m7,9308,5268,5230.0%7.5%
InterestRs m1,7001,8301,473-19.5%-13.3%
Profit before taxRs m42,78528,01240,60044.9%-5.1%
TaxRs m7,5437,22611,09253.5%47.1%
Profit after taxRs m35,24320,78629,50842.0%-16.3%
Gross profit margin%17.716.518.8
Effective tax rate%17.625.827.3
Net profit margin%16.010.813.3
* 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 3.8% on a year-on-year (YoY) basis. The expenses were up by 2.4% YoY during the same period.
  • The company's operating profit increased by 10.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.8% in 2QFY21 as against 17.7% in 2QFY20.
  • Depreciation charges increased by 7.5% and finance costs declined by 13.3% YoY, respectively.
  • Other income declined by 33.5% YoY during the quarter.
  • Net profit for the quarter declined by 16.3% YoY. Net profit margins during the quarter declined from 16.0% in 2QFY20 to 13.3% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.3% QoQ during the same period.
  • The company's operating profit increased by 30.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.8% in 2QFY21 as against 16.5% in 1QFY20.
  • Net profit for the quarter increased by 42.0% QoQ, while net profit margins increased from 10.8% in 1QFY20 to 13.3% in 2QFY21.

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 200.6 to Rs 125.2, registering a Loss of Rs 75.5 or around 37.6%.

Overall, the S&P BSE SENSEX is up 8.2% over the year.

Current Valuations

At the current price of Rs 125.2, the price to earnings (P/E) ratio of COAL INDIA stands at 5.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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