Coal India - First Cut - Microsec Research

Q4 FY12 Result Analysis -

Coal India Ltd (CIL) announced its Q4 FY12 and Annual results on 28th May 2012. CIL has posted a consolidated net profit of Rs.4013.41 Crore for the fourth quarter ended March 31, 2012 as compared to Rs.4221.31 Crore profit for the quarter ended March 31, 2011, representing a decrease of 4.93%.

Total income has increased from Rs.15003.76 Crore for the quarter ended March 31, 2011 to Rs.19418.99 Crore for the quarter ended March 31, 2012, representing an increase of 29.43%.

EBITDA Margin of the company decreased from 33.48% to 19.49%, due to wage hike of Rs.3446.73 Crore. Coal India reported other income of Rs.2327 crore largely due to the cash pile that it holds.

FY12 Annual Result Analysis -

On a Yearly basis, its net sales increased by 24.25% to Rs 62415.43 crore and PAT improved by 36.08% to Rs 14788.20 crore. EBITDA margin decreased from 26.80% to 25.10%.

Key Result Highlights -

- The company reported production of 122.83 million tonnes for the March 2011 quarter as expected.

- It has given a guidance of 464 mt for the full year ending March 2012.

- Company has liquidated 7.25 MT from its inventory; Total inventory stood as 63 MT.

- Company's revenue through E-auction is Rs.6000 cr.

- Company's Blended realisations at Rs.1,581/tonne.

Source : Equity Bulls

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