Coal India Ltd.’s reported their quarterly financial result with a net profit growth of 50.1 percent year-on-year to Rs 4,567 crores in the quarter ended December. The largest coal miner in the world in its exchange filing also reported total revenue of Rs 25,045 crores, posting a 15.4 percent YoY growth during the October-December quarter of the current fiscal year.
According to the company’s statement, EBITDA (earnings before interest, tax, depreciation and amortisation) surged 55 per cent to Rs 6,788 crores, while the operating margin expanded 690 basis points to 27.1 percent.
The company also said that the coal production increased 7.4 percent to 412.50 million tonnes in the April-December period. The company also declared that the fuel supply agreement realisation stood at Rs 1,334 per tonne, realisation from e-auction stood at Rs 2,847 per tonne whereas e-auction volumes stood at 14.65 million tonnes.
Read EquityPandit’s Technical Analysis Of Nifty Energy