Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 84090.43 Crore) operating in Mining sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 25963.12 Crore, down -7.19 % from last quarter Total Income of Rs 27974.12 Crore and up 34.72 % from last year same quarter Total Income of Rs 19271.83 Crore. Company reported net profit after tax of Rs 3175.22 Crore in latest quarter.
Investment Rationale
Coal India reported significant lower than estimate EBITDA ex OBR at Rs45.8bn (CentrumE: Rs72.5bn), though up 64% YoY. The deviation was primarily due to higher than expected CoP at Rs1,290/t, flat YoY. During Q1FY22, employee cost was up 8.3% YoY to Rs103.9bn, primarily due to one-off provision of ~Rs6bn related to post-retirement medical benefits of non-executives.
Promoter/FII Holdings
Promoters held 66.1 per cent stake in the company as of June 30, 2021, while FIIs held 6.6 per cent, DIIs 21.5 per cent and public and others 5.8 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
