Coal India Q3FY22 Preview: Consolidated revenue seen at Rs27,768 crore, PAT at Rs4,241 crore

14 Feb 2022 , 11:00 AM

Result date: 14^th February, 2022
Recommendation: Buy
Target price: Rs. 211
(Source: IIFL Research)

Coal India registered 13% YoY and 18% sequential growth in coal offtake during the quarter of 174 million tonnes (MT). Improving coal prices globally are likely to aid the company’s realizations in the quarter. Consequently, its consolidated revenue could grow 17% versus the year-ago quarter and 19% on a sequential basis.

Coal India’s EBITDA growth is pegged at 18% on a YoY basis and 54% on a sequential basis.

PAT growth is expected at a robust 37% compared to the year-ago quarter and 45% sequentially, making Coal India one of the top performing companies in the quarter.
 
Important management insights to watch out for:

• Outlook on coal production

Rs. Crore	December 2021 estimates	YoY change	QoQ change
Revenue	27,768	17%	19%
EBITDA	6,092	18%	54%
PAT	4,241	37%	45%

Source: Company, Brokerage reports