Coal monopoly CIL on Tuesday put up an estimate-beating performance, as its consolidated profit grew 50 per cent to Rs 4,567 crore for December quarter. That beat Rs 3,778 crore net estima ted by analysts in an ETNow poll.
The company had posted a profit of Rs 3,042.57 crore in the year ago period. .
The quarterly numbers came much after the market closed for the day. The stock settled at Rs 222.95, up 1.92 per cent.
Here’s a look at its key takeaways.
Top line: Revenue rose 15.38 per cent to Rs 25,045.83 crore against Rs 21,707.04 crore in the same quarter of the previous fiscal.
Margin call: Coal India reported an Ebitda (operating profit) of Rs 6,787.70 crore while Ebitda margin came in at 27.10 per cent.
Output gains traction: The company said its coal production for the first nine months of the ongoing fiscal jumped to 412.44 million tonnes against 383.92 million tonnes in the year ago period.
Total income: The figure for Q3 stood at Rs 26,209.13 crore, up from Rs 22,820.88 crore a year earlier.
Management-speak: “During the quarter ended December 31, the government further divested 3.19 per cent, 2.21 per cent and 0.01 per cent of total equity share capital equivalent to 33,59,97,714 number of equity shares by way of placement of shares in Bharat 22 ETF, CPSE ETF and OFS, respectively, and post such divestment, the Centre holds 72.91 per cent of equity share capital,” Coal India said in a regulatory filing.
Source: Economic Times