Coal India - Q4FY13 Result Review - Angel Broking

Coal India reported its standalone 4QFY2013 results. Its net sales declined by 21.3% yoy to Rs. 122cr. The company reported an EBITDA loss of Rs. 2cr due to higher costs. Its other income grew by 71.0% yoy to Rs. 2,680cr. As a result the PAT grew by 89.6% yoy to Rs. 2,320cr.

We maintain our Buy rating on the stock with a target price of Rs. 345

Source : Equity Bulls

Keywords