What to expect from Coal India Q2 earnings?
DSIJ Intelligence / 13 Dec 2016
World’s largest listed coal producer, Coal India will be posting its second quarter earnings on Tuesday, December 13, 2016. Revenues for the quarter are expected to remain flat. However, profitability may drop in Q2.
World’s largest listed coal producer, Coal India will be posting its second quarter earnings on Tuesday, December 13, 2016. Revenues for the quarter are expected to remain flat. However, profitability may drop in Q2.
Profits for the second quarter are expected to decline by close to 12 per cent at Rs 2125 crore with revenues to remain flat with a negative bias. Operational performance for the quarter is likely to remain upbeat with profits seen rising. Margins in Q2 may expand slightly.
Realisations figure for the quarter would be a key number to see as it would indicate the pricing and demand scenario prevailing at this point of time. Fuel supply agreement volumes are expected to be down; whereas pricing would be under pressure in Q2.
Key things to watch out would be E-auction volumes and realisations, impact of hike in the coal prices undertaken in the prior months and global scenario in terms of demand and pricing.
Coal India has on a continuous basis been trying to ramp up coal production and supplies to meet the country’s demand for coal.
Ahead of the results shares of Coal India are trading absolutely flat at Rs 305.30 on NSE.
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