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Coal India q3 Profit Seen Down 13%, E-Auction Volumes Key

Higher sales volumes (up 3.6 percent at 143 million tonnes) and e-auction sales volumes (up 76.9 percent at 26 million tonnes) may support topline but weak FSA (fuel supply agreement) volumes and flat blended realisations despite price hikes may cap topline growth.

Feb 11, 2017 / 06:00 AM IST
 
 
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Country's largest coal mining company Coal India is expected to report profit at Rs 3,250 crore, down 12.6 percent from year-ago period on lower interest income and slow operational growth.


Net sales during the quarter may increase 6.5 percent to Rs 20,200 crore compared with Rs 18,971 crore in same quarter last year, according analysts polled by CNBC-TV18.


Higher sales volumes (up 3.6 percent at 143 million tonnes) and e-auction sales volumes (up 76.9 percent at 26 million tonnes) may support topline but weak FSA (fuel supply agreement) volumes and flat blended realisations despite price hikes may cap topline growth.


Operating profit may grow 1.4 percent year-on-year to Rs 4,250 crore and margin may contract 110 basis points to 21 percent in the quarter gone by.


Provisioning for the wage hike and increase in employee cost may impact margin.

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Key issues to watch for would be e-auction volumes & realisation and global coal prices.

first published: Feb 11, 2017 06:00 am

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