InvestorQ : How do you see the latest quarterly results of Coal India for the Mar-20 quarter?
Rashi Mehra made post

How do you see the latest quarterly results of Coal India for the Mar-20 quarter?

Answer
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sarah Leo answered.
3 months ago


Coal India reported a 23% lower net profit of Rs 4638 crore for the Mar-20 quarter compared to Rs.6025 crore in the Mar-19 quarter. CIL reported 3.6% lower revenues from operations at Rs 27,568 crore largely on account of the nationwide lockdown for more than a week in the month of March.

EBITDA was 18.3% lower at Rs.6729 crore even as the EBITDA margins fell by 440 basis points to 24.4% for the Mar-20 quarter. The actual numbers were lower than market consensus expectations. CIL reported other income of Rs.1913 crore for the Mar-20 quarter. For the full fiscal year 2019-20, net profits fell by 4.3% at Rs.16,714 crore.

The good news from CIL was on the output volumes front which was up by 10% at 214 million tonnes. Growth in production volume is largely driven by demand from the thermal power sector, which remains its biggest market. The impact on the stock price has been quit severe as the stock has corrected nearly 33% since the lockdown was first announced.