Net profit for the fourth quarter is seen rising around 37% year-on-year, while net sales are likely to be flat or even decline up to 5% year-on-year.
On a sequential basis, net profit for the quarter may fall 17% quarter-on-quarter and sales are likely to remain flattish. Operating profit or EBITDA for the quarter is expected to jump over 50% year-on-year in the reporting March quarter.
Earnings are not comparable with the same quarter last year due to the provision of Rs 5800 crore taken in 4QFY23 on account of wage revision.
In the recent third quarter, Coal India posted 17% growth in its consolidated net profit to Rs 9,069 crore, while revenue from operations rose 3% year-on-year to Rs 36,154 crore.
Here’s what to expect from Coal India’s Q4Kotak Equities
Healthy growth in dispatches to 202 million tons (up 8% year-on year) in 4QFY24.
Blended realizations at Rs 1,649/ton in 4QFY24, reflecting the price increase taken for high-grade coal from end-May 2023. Sequential drop in realizations on account of the weakness in auction premiums.
Nuvama
CIL is expected to report an EBITDA of Rs 13,670, up 58% year-on-year, primarily due to lower employee cost (Q4FY23 included arrears of earlier years).
Higher volume (up by 8% year-on-year to 202 mt) is expected to offset lower e-auction prices (down by 43% year-on-year to Rs 2,600/t). This in addition to lower employee cost is expected to help CIL to record EBITDA/t of Rs 678, up by 47% year-on-year.
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