Angel Broking's research report on Coal India"Coal India (CIL)'s 4QFY2013 net sales grew by 2.5 percent yoy to Rs 19,905cr due to higher volumes. Sales volumes stood at 130mn tonne, indicating the company's focus on increasing offtake. Realizations were however flat yoy but grew 6.4 percent qoq to Rs 1,531/tonne. Lower staff costs and social overheads boost EBITDA: The company's EBITDA increased by 19.6 percent yoy to Rs 7,490cr, mainly due to lower employee costs and social overheads. However, the other income declined by 5.2 percent yoy to Rs 2,207cr and the tax rate also jumped to 28.0 percent in 4QFY2013 compared to 22.5 percent in 4QFY2012. Hence the adjusted net profit declined by 8.9 percent yoy to Rs 5,436cr (above our estimate of Rs 4,376cr)."
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.