Coal India Q3FY19E Result Expectation

Revenues are expected to be 12% higher yoy owing to higher realizations in e-auctions.

Feb 12, 2019 01:02 IST India Infoline News Service

Consensus expectations for Q3FY19E:
  • Revenue – Rs24,328cr, up 12.4% yoy
  • EBITDA – Rs4,618cr, flat yoy
  • EBITDA Margin – 19%, a contraction of 235bps yoy
  • PAT – Rs3,618cr, up 20.4% yoy

Q2FY19 Performance Highlights:
  • Revenue – Rs22,198cr, up 22.3% yoy
  • EBITDA – Rs3,914cr, up 378% yoy
  • EBITDA Margin – 17.6%, an expansion of 1,312bps yoy
  • PAT – Rs3,086cr, up 733% yoy

Remarks:
  • Coal India is expected to see higher revenues due to a ~9% yoy rise in realizations. This rise would be due to improved e-auction realizations.
  • EBITDA margins are expected to decline 235bps yoy due to rise in operational costs.

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