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Mining major Coal India (CIL) is expected to post its topline in the range of Rs 36,320 crore to Rs 34,978 crore for the quarter ended December 31, 2024, according to estimates released by three brokerages. Its bottom line is also likely to go down in Q3FY25 amid muted power demand in the quarter gone by, along with lower realisations from the e-auction segment. The estimates of Yes Securities, Nuvama Institutional Equities and Antique Stock Broking have been taken into account.
While Yes sees a marginal (0.5%) increase in its revenue from operations, Nuvama and Antique see a low single-digit fall. The range of the company's net profit is between Rs 9,137 crore and Rs 7,660 crore.
Nuvama’s PAT figures are on an adjusted basis and it sees a double-digit YoY drop which is highest among its peers. The company will announce its Q3FY25 earnings on Monday, January 27. Stock Trading Maximise Returns by Investing in the Right Companies By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
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5% YoY to Rs 36,320 crore while rising by 18% on a sequential basis. The net profit for the period is expected to be around Rs 8,147 crore, falling 0.2% YoY while rising by Rs 29.
5% on a QoQ basis. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) is pegged at Rs 10,795 crore, which is a 5.1% fall over Q3FY24 while an uptick of 25.
3% over Q2FY25. CIL’s coal off-take grew by 2%YoY and 16% QoQ. “We model 53% e-auction premium versus 69% in Q2FY25 and 117% in Q3FY24 and 13% e-auction volumes versus 9% in Q2FY25 and 8% in Q3FY24.
Higher coal off-take will drive YoY revenue growth, partially offset by lower e-auction premiums YoY,” Yes said in a preview note. “We expect Adj EBITDA (excluding OBR) to de-grow YoY led by lower realisation on account of weaker e-auction premiums, partially offset by higher total offtake,” the brokerage note said. Nuvama Coal India’s revenue could fall 1% YoY to Rs 35,820 crore while gaining by 17% on a QoQ basis.
The adjusted PAT is seen at Rs 7,660 crore, which may be a likely fall of 16% and a sequential growth of 59%. The adjusted EBITDA is pegged around Rs 11,110 crore, a likely decline of 7% while a 55% QoQ jump. Coal India is expected to report a sales volume, 193 metric ton, which will be a 1% YoY growth and a 15% sequential uptick.
“We expect flat volume (+1% YoY; 193 mt), lower blended realisation (-2% YoY; Rs 1,690/t) and a marginal increase in CoP ex-employee cost (+2% YoY), dragging down EBITDA and EBITDA/t by 7%YoY and 8% YoY to Rs 11,100 and Rs 576, respectively. E-auction prices continue to be weak (down 19% YoY to Rs 2,700/t), partially offset by higher e-auction volume (up 21% YoY to 19 mt),” Nuvama’s preview note said. Antique Stock Broking The revenue in the October-December quarter stood at Rs 34,978 crore which is likely to go down by 3.
3% YoY and 14% QoQ. The PAT could fall 10% YoY to Rs 9,137 crore while rising by 46% on a QoQ basis. The profitability measured in terms of EBITDA could see a 5.
5% YoY drop and 43% QoQ gain at 12,307 crore. Coal India has reported 1% increase in dispatches in line with muted power demand but e-auction realization to be muted on YoY basis, the brokerage note said. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
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