Quarterly Result: Coal India Ltd
Bhagyashree Vivarekar / 13 Dec 2016
Coal India Ltd., ended at Rs. 305.75, up by 0.25 points or 0.08% from its earlier closing of Rs. 305.5 on the BSE. The company's net profit has eroded 77.4% yoy to Rs 600 cr.
Technical View:
Coal India Ltd., ended at Rs. 305.75, up by 0.25 points or 0.08% from its earlier closing of Rs. 305.5 on the BSE.
The scrip touched a high and low of Rs. 307.6 and Rs. 303.75 respectively, after opening at 303.9. In totality 4276402(NSE+BSE) shares have been traded on the counter so far; and the stock is trading above its 100 DMA.
Consolidated Results Q2FY17:
Street estimates were higher than Coal India Ltd.'s actual Q2FY17 numbers. Revenue has come in 3.6% lesser than our estimate of Rs 16825 cr. EBITDA margin is lesser by 1262 bps from the estimate of 17.2%. Net profit is 72.6% lesser than the estimated figure of Rs 2195 cr.
The quarter's revenue has depleted 7.3% yoy to Rs 16213 cr.
Coal India's EBITDA has dropped by 78.2% yoy to Rs 743 cr while EBITDA margins have shrunken by 1490 bps yoy to 4.6%, triggered by 15.6% yoy increase in other expenses.
The company's net profit has eroded 77.4% yoy to Rs 600 cr.
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