Coal India Q4 Review - Performance To Remain Below Par: Prabhudas Lilladher
A freight train laden with coal stands on the tracks in Paradeep, Odisha, India. (Photographer: Dhiraj Singh/Bloomberg)

Coal India Q4 Review - Performance To Remain Below Par: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Coal India Ltd. reported Q4 FY21 earnings in line with our estimates.

Adjusted Ebitda fell 16% YoY to Rs 81.1 billion (our estimate: Rs 81.4 billion) due to 5% fall in realisations and 3% increase in costs.

Cash and cash equivalents fell 27% YoY to Rs 209 billion due to lower earnings, high receivables and elevated capex.

Sharp increase in capex intensity came as a negative surprise for street as well as for us.

Increase in linkage prices would get diluted in mitigating the elevated capex and upcoming wage hike effective from July 01, 2021.

Similarly, e-auction realisations remained subdued despite global prices at multi-year highs.

Click on the attachment to read the full report:

Prabhudas Lilladher Coal India Q4FY21 Result Update.pdf


This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.