Coal India Ltd - 1QFY21 Results - Angel Broking

Mr. Jyoti Roy, DVP - Equity Strategist, Angel Broking Ltd

"Coal India reported a 25.9% YoY de-growth in consolidated revenues to ₹18,487 crore for Q1FY21, as compared to revenues of ₹24,939 crore for Q1FY20. Sales volume for the quarter was down by 21.5% YoY to 120.4mn Tons while production was down by 11.6% YoY to 121mn Tons. EBIDTA for the quarter stood at ₹3,052 crore down 53.8% YoY while EBIDTA margins contracted by ten percentage points to 16.5%. Consolidated net profit for the quarter stood at ₹2,078 crore as compared to profit of ₹4,630 crore in the corresponding quarter previous year. Overall the Q1FY21 numbers are above street expectation which coupled with strong production and offtake numbers for the month of August should provide some tailwind to the stock in the short term."

Shares of COAL INDIA LTD. was last trading in BSE at Rs.135.65 as compared to the previous close of Rs. 136.3. The total number of shares traded during the day was 817435 in over 6696 trades.

The stock hit an intraday high of Rs. 138.1 and intraday low of 133.8. The net turnover during the day was Rs. 110836956.

Source : Equity Bulls

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