Coal India Q2 Review - Revenue Inline; Earnings Hit By Weak E-auction Volumes, High Costs: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Coal India Ltd.'s Q2 FY25 revenue stood at Rs 307 billion (-6% YoY/-16% QoQ), in line with our estimate of Rs 317 billion. Blended average selling price stood at Rs 1,622/tonne (-6% YoY and -3% QoQ), 8% below our estimate.Adjusted Ebitda (excluding over burden removal costs) stood at Rs 72 billion (-20% YoY/-38% QoQ), below our estimate of Rs 99 billion due to lower-than-expected e-auction volumes and elevated costs. Adjusted Ebitda/tonne stood at Rs 426/tonne (-17% YoY/-27% QoQ) versus our estimate of Rs 595/tonne.Adjusted profit after tax came in at Rs 63 billion (-22% YoY/-43% QoQ), below our estimate of Rs 81 billion due to weak operating performance and lower other income. In H1 FY25, revenue declined 2% YoY, while adjusted Ebitda and adjusted profit after tax fell by 7% YoY. Q2 production stood at 152 mt (-3% YoY/-20% QoQ) as heavy monsoons affected mining operations. Sales volume stood at 168 mt (-3% YoY/-15% QoQ). Fuel supply agreement realization stood at Rs 1,462/tonne, down 5% YoY and 4% QoQ, with FSA volume of 148 mt (-4% YoY/-14% QoQ).E-auction volume stood at 15 mt (-5% YoY/-35% QoQ) with an e-auction premium of 69% versus 58% in Q1 FY25. Coal India declared an interim dividend of Rs 15.75 per share in Q2..Click on the attachment to read the full report:.Coal India Q2 Review: Brokerages Reduce Target Prices As Profit Misses Estimates.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Coal India Q2 Review - Revenue Inline; Earnings Hit By Weak E-auction Volumes, High Costs: Motilal Oswal

The company remains the brokerage's top pick in the metals and mining sector.

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