Coal India Q2 Review - E-Auction Realisation Disappoints Yet Again: Dolat Capital

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Coal India Ltd.'s sales volume of 147 million tonne (down 8% QoQ, due to seasonality) – pre reported, e-auction volume at 27 million tonne (down 10% QoQ) in line with our estimate. Revenue came in at Rs 233 billion (down 8% QoQ) lower versus our estimate of Rs 241 billion. Realisation: fuel supply agreement came in at Rs 1,382 (down 1% QoQ) marginally better than estimate of Rs 1,375, E-auction at Rs 1,594 (up 2% QoQ), were clearly below expectation of Rs 1,900 plus and a bit disappointing. Blended of Rs 1,444/tonne (down 1% QoQ) missed due to lower e-auction realisation. Coal India's Ebitda (post over burden removal) came in at Rs 39.4 billion (down 19% QoQ). This is well below our and consensus estimates in the range of ~Rs 49-50 billion mainly on account of lower than expected realisation on the e-auction front. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Coal India Q2 Review - E-Auction Realisation Disappoints Yet Again: Dolat Capital

Coal India Q2 Review - E-Auction Realisation Disappoints Yet Again: Dolat Capital

Choose a plan