Moneycontrol PRO
HomeNewsBusinessEarningsCoal India Q1 PAT seen down 14.6% to Rs 3627.6 cr: ICICI Sec

Coal India Q1 PAT seen down 14.6% to Rs 3627.6 cr: ICICI Sec

Sales are expected to decrease by 9.1 percent Q-o-Q (down 0.5 percent Y-o-Y) to Rs 18866.4 crore, according to ICICI Securities.

July 15, 2016 / 14:02 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    ICICI Securities has come out with its first quarter (April-June) earnings estimates for the power and coal sector. The brokerage house expects Coal India to report a 14.6 percent degrowth quarter-on-quarter (down of 3.6 percent year-on-year) in net profit at Rs 3627.6 crore.Sales are expected to decrease by 9.1 percent Q-o-Q (down 0.5 percent Y-o-Y) to Rs 18866.4 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 12.2 percent Q-o-Q (down 2.0 percent Y-o-Y) to Rs 4293.1 crore.ICICI Securities's report on Coal IndiaQ1FY17 revenue likely to slightly decline (0.5 percent  Y-o-Y) as marginal increase in offtake (+2.9 percent  Y-o-Y) is likely to be offset by 3.3percent  Y-o-Y fall in average realisations. Weakness in end markets, cheap imported coal and low bidding intensity are likely to impact e-auction premiums significantly (29.4 percent down  Y-o-Y).Implementation of IND-AS will do away with the requirement of providing for OB removal. However, we expect Q1FY17 EBITDA to be 2 percent lower  Y-o-Y due to combined impact of weaker revenue and increase in employee cost, contractual expenses etc.Other income is expected to be 9 percent lower  Y-o-Y due to cash outflow post dividend payment and fall in interest rates.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Jul 15, 2016 11:58 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai