Q3FY19 earnings reaction: Coal India drops; Sun Pharma, Oil India up

Shares of Coal India declined marginally after opening higher, while those of Sun Pharma and Oil India rose 2% each in Wednesday’s morning trade.

Feb 13, 2019 04:02 IST India Infoline News Service

Stock Exchange
Shares of Coal India declined marginally after opening higher, while those of Sun Pharma and Oil India rose 2% each in Wednesday’s morning trade post their respective earnings numbers for the third quarter of FY19.

Sun Pharma’s PAT grew 286.2% yoy to Rs1,241.85cr in Q3FY19. EBITDA in Q3FY19 grew 48.1% yoy to Rs2,152.89cr vs. Rs1,453.4cr in Q3FY18 and Rs1,531.2cr in Q2FY19. EBITDA margin in the quarter stood at 27.8% vs. 22.1% in Q2FY19 and 21.8% in Q3FY18.

Sun Pharmaceuticals Industries Ltd is currently trading at Rs444.20 up by Rs7.45 or 1.71% from its previous closing of Rs436.75 on the BSE. The scrip opened at Rs451.50 and has touched a high and low of Rs454.40 and Rs441.65 respectively.

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). Net Profit stood at Rs4,566cr against an estimate of Rs3,618cr.

Coal India Ltd is currently trading at Rs222.10 down by Rs0.85 or 0.38% from its previous closing of Rs222.95 on the BSE. The scrip opened at Rs226 and has touched a high and low of Rs228 and Rs220.65 respectively.

Oil India reported PAT for Q3FY19 at Rs1,233.5crore. This is the highest quarterly profit since listing of the company in September, 2009 and 74.90% higher as compared to PAT of Rs705.2cr during similar quarter last year.

Oil India Ltd is currently trading at Rs171.10 up by Rs1.25 or 0.74% from its previous closing of Rs169.85 on the BSE. The scrip opened at Rs175 and has touched a high and low of Rs176.80 and Rs170.40 respectively.

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