Signals, Powered By EquityPandit
The largest miner in the country, Coal India Ltd, posted their quarterly financial report for the quarter ended on September 30, 2018. The company reported an over an eight-fold surge in consolidated net profit to Rs 3,085 crores for the said quarter.
The state-controlled major had earlier posted a net profit of Rs 370 crores in the corresponding quarter of FY 2017-18. According to the company’s BSE filing, the total revenue during the second quarter increased to Rs 24,209 crores, as against Rs 19,171 crores in the same period the previous year.
The company’s consolidated expenses during the quarter under discussion jumped from Rs 18,143 crores in the Q2 FY18 to Rs 19,091 crores in the Q2 FY19. EBITDA (earnings before interest, tax, depreciation and amortisation) rose five times over to Rs 4,716 crore. Operating margin expanded 1,650 basis points to 21.3. per cent.
Coal India‘s production for the July-September quarter stood at 119.6 million tonnes (MT), as against 113.04 MT in the corresponding quarter a year earlier. CIL accounts for over 80 per cent of the domestic coal output.
