8 Feb 2024 , 05:09 PM
Result date: February 12, 2024
Recommendation: Buy
Target price: ₹363
(Source: IIFL Research)
Coal India witnessed 10% sequential growth in its offtake during the December quarter. For the nine months ending 31st December, 2023, the offtake grew 9% over the year-ago period. Blended realizations are expected to have declined on the back of lower e-auction prices. The company’s revenue could grow 8% sequentially and 10% over the year-ago quarter.
Profit After Tax or PAT could stay flattish both sequentially as well as over the year-ago quarter.
Important management insights to watch out for:
| ₹ Million |
December 2023 estimates |
QoQ change |
YoY change |
| Revenue |
354,533 |
8.40% |
9.85% |
| EBITDA |
85,008 |
4.55% |
(0.80)% |
| Profit After Tax |
67,819 |
0.30% |
0.50% |
Source: Brokerage reports
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