Coal India - Q4FY13 Result Update - Microsec

Coal India announced its STANDALONE Q4FY13 and FY13 results on 20th May, 2013.

Quarterly Performance: Coal India posted net sales of INR121.93 crore, which was down by 21.14% on YoY basis, but up by 35.28% on QoQ basis. The PAT for the quarter was significantly up by 89.67% and 36.75% on YoY and QoQ basis due to higher other income i.e. higher dividend received from subsidiaries.

Annual Performance: Coal India posted net sales of INR352.25 crore, which was down by 15.30% on YoY basis. The PAT for the full year was up by 21.44% due to higher other income i.e. higher dividend received from subsidiaries.

Note: The Standalone PAT margin is not comparable due to the effect of higher other income which is greater than the net sales. The consolidated results are due on 27th May, 2013.

Source : Equity Bulls

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