COAL INDIA Announces Quarterly Results (3QFY19); Net Profit Up 51.9%

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COAL INDIA Announces Quarterly Results (3QFY19); Net Profit Up 51.9%
Thu, 14 Feb

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

COAL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m216,433221,981250,45812.8%15.7%
Other incomeRs m8,40920,11311,633-42.2%38.3%
TurnoverRs m224,841242,093262,0918.3%16.6%
ExpensesRs m170,254182,838182,580-0.1%7.2%
Gross profitRs m46,17939,12867,87873.5%47.0%
DepreciationRs m7,5118,0698,6116.7%14.6%
InterestRs m97486207549.4%-36.4%
Profit before taxRs m46,10251,16470,28137.4%52.4%
TaxRs m16,05220,31724,62321.2%53.4%
Profit after taxRs m30,05030,84745,65748.0%51.9%
Gross profit margin%21.317.627.1
Effective tax rate%34.839.735.0
Net profit margin%13.412.717.4
* 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 15.7% on a year-on-year (YoY) basis. The expenses were up by 7.2% YoY during the same period.
  • The company's operating profit increased by 47.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.1% in 3QFY19 as against 21.3% in 3QFY18.
  • Depreciation charges increased by 14.6% and finance costs declined by 36.4% YoY, respectively.
  • Other income increased by 38.3% YoY during the quarter.
  • Net profit for the quarter increased by 51.9% YoY. Net profit margins during the quarter increased from 13.4% in 3QFY18 to 17.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.1% QoQ during the same period.
  • The company's operating profit increased by 73.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.1% in 3QFY19 as against 17.6% in 2QFY18.
  • Net profit for the quarter increased by 48.0% QoQ, while net profit margins increased from 12.7% in 2QFY18 to 17.4% in 3QFY19.

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 307.6 to Rs 216.5, registering a Loss of Rs 91.2 or around 29.6%.

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 216.5, the price to earnings (P/E) ratio of COAL INDIA stands at 10.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.9 times.

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