Coal India Ltd's Q3FY19 consolidated net profit rises 50.1% yoy to Rs4,566cr : Beats Estimates

The company’s consolidated revenue stood at Rs25,046cr, up 15.7% yoy and 12.8% qoq.

Feb 12, 2019 03:02 IST India Infoline Research Team

Coal India Ltd Q3FY19

Consolidated Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 25,046 15.7
EBITDA 6,788 55.0
EBITDA Margin (%) 27.1 687
Net Profit (adjusted) 4,566 50.1
***EBITDA margin change is bps

Coal India beat estimates for Q3FY19 by a significant extent supported by healthy realisations. Revenue grew by 15.7% yoy to Rs25,046cr (expectation Rs24,328cr). EBITDA stood at Rs6,788cr, up 55% yoy against estimates of Rs4,618cr. EBIDTA margin rose by 687bps yoy to 27.1% for Q3FY19. Net Profit stood at Rs4,566cr against an estimate of Rs3,618cr.
  • Production for Q3FY19 stood at 156mn tonnes, an increase of 2.6% yoy.
  • Offtake for Q3FY19 stood at 153.8mn tonnes, an increase of 0.9% yoy.
  • Segmental sales for Q3FY19 stood at:
    • FSA – 135.8mn tonnes, up 11.4% yoy
    • E auction – 14.7mn tonnes, down 44.5% yoy
  • Realisations (per tonne) for the quarter across categories for Q3FY19 stood at:
  • Blended Realisations – Rs1,628 (up 14,7% yoy)
    • FSA – Rs1,334 (up 12.9% yoy)
    • E auction – Rs2,847 (up 42.5% yoy)
  • Blended EBITDA per tonne for the quarter stood at Rs441, an increase of 53.6% yoy.

Technical View:

Coal India Ltd ended at Rs. 222.95, up by 4.2 points or 1.92% from its previous closing of Rs. 218.75 on the BSE.
The scrip opened at Rs. 220.70 and touched a high and low of Rs. 223.80 and Rs. 219.50 respectively. A total of 81,85,665 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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