ECONOMY

Coal India Q4 Review – A Mixed Bag Of Earnings: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Coal India Ltd. reported a largely in line Q4 FY22, but e-auction premiums, the mainstay of its profitability, disappointed both in terms of volume and premium.

Cost control, especially in contractual costs, resulted in a marginal beat on adjusted Ebitda in Q4 FY22.

Coal India’s net sales grew 22% YoY and 15% QoQ to Rs 327 billion in Q4 FY22. The QoQ growth in sales was driven by a 4% growth in dispatches, 8% higher fuel supply agreement prices, and 25% growth in e-auction prices.

E-auction premium in Q4 FY22 was 57% against our assumption of 90%. As a result, net sales were 73% lower than our estimate.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime 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 BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.



Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button