Q4FY22 Preview: Coal India: Revenues seen at Rs31,119 crore, PAT at Rs6,023 crore

24 May 2022 , 11:46 AM

Result date: 25^th May, 2022
Recommendation: Buy
Target price: Rs550
Source: IIFL Research
 
Coal India is reported coal offtake of 180 million tonne (MT) in the March 2022 quarter, up 9% over the year-ago quarter and 4% sequentially. The company’s consolidated could grow 17% on a year-on-year basis.

Coal India could report consolidated EBITDA margin of 27.5% for the March 2022 quarter as compared to 23.9% in the year-ago quarter and 24.0% in the December 2021 quarter. Its EBITDA/ton could come in at Rs477/ton versus Rs387/ton in the year-ago quarter and Rs393/ton in the December 2021 quarter.

Coal India’s Profit After Tax (PAT) is estimated to grow 31% on a year-on-year basis.

Important management insights to watch out for:
·         Outlook on production, offtake of coal
·         Key margin drivers
 

Rs Crore	March 2022 estimates	YoY change	QoQ change
Revenue	31,119	17%	10%
EBITDA	8,857	35%	26%
Profit After Tax	6,023	31%	32%

Source: Brokerage Reports