Coal India, India’s largest and monopoly coal mining company, reported 3.78% higher Sep-20 quarter top line sales revenues at Rs21,153cr. The operations had been impacted due to weak demand from the power sector and also due to labour related issues. These have been resolved and hence the sequential growth assumes more importance for the numbers.
For the Sep-20 quarter, the net profits were up 42.07% on a sequential basis at Rs2,951.60cr as coal mining operations returned to normalcy. However, profits on a yoy basis were lower 16% on the back of higher provisions and contractual expenses.
This resulted in PAT margins expanding to 13.95% from 11.24% on a sequential basis. However, the net margins were lower on a yoy basis from 17.28% due to higher impact of contractual expenses and provisions visible in the Sep-20 quarter.
Financial highlights for Sep-20 compared yoy and sequentially
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Coal India |
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Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
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Revenues |
21,153.07 |
20,382.63 |
3.78% |
18,486.77 |
14.42% |
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Profit After Tax (PAT) |
2,951.60 |
3,522.90 |
-16.22% |
2,077.51 |
42.07% |
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Diluted EPS (Rs) |
₹ 4.78 |
₹ 5.72 |
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₹ 3.37 |
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PAT Margins |
13.95% |
17.28% |
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11.24% |
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