Coal India Q4 Results: Net Profit Jumps 46% On Lower Finance Costs, Higher Other Income

Coal India Ltd.’s fourth-quarter profit rose, beating estimates as finance costs fell and other income jumped.

Net profit of the world’s largest miner of the fossil fuel rose 46% year-on-year to Rs 6,692.9 crore in the quarter ended March, according to its exchange filing. That compares with the Rs 5,901.3-crore consensus estimate of analysts tracked by Bloomberg

Coal India Q4 FY22 Highlights (YoY)

• Revenue rose 22.5% to Rs 32,706.7 crore, against the estimated Rs 30,194.1 crore. That was driven by higher sales volume over the year earlier.

• Operating profit rose 41% to Rs 9,078.82 crore due to lower expenses. Analysts estimated Ebitda at Rs 8,102.5 crore.

• Margin stood at 27.8% against 24.1% a year ago and 26.8% projection.

• Finance cost declined 22.8% to Rs 120.9 crore.

• Other income was 46.1% higher at Rs 1,788. 9 crore.

• Offtake rose 9.3% to 180.25 million tonnes.