Coal India Q3 Results Review - Decent Performance; Outlook Robust: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Coal India Ltd. reported yet another quarter with in line revenue. Net sales grew 24% YoY and 18% QoQ to Rs 352 billion in Q3 FY23. The YoY sales growth was driven by a 23% growth in blended average selling price. ASP grew YoY across all the categories and total dispatch volumes registered a growth of 1.2% YoY. Dispatches were up 14% QoQ and 1.2% YoY, while blended ASP was up 4% QoQ and 23% YoY at Rs 1,845/tonne. E-auction ASP was up 160% YoY to Rs 5,047/tonne (down 17% QoQ; e-auction premium had touched its life-time high in Q2 FY23).E-auction premium cooled off to 241% from an all-time high of 329% in the previous quarter. Adjusted Ebitda (net of over burden removal) grew 52% YoY and 40% QoQ after a strong 178% YoY growth in Q1 FY23 and 100% YoY growth in Q2 FY23 – the highest ever third quarter Ebitda for Coal India. Adjusted profit after tax grew 69% YoY and 28% QoQ to Rs 77 billion in Q3 FY23..Click on the attachment to read the full report:.Coal India Q3 Results: Profit Jumps 70%, Beats Estimates.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Coal India Q3 Results Review - Decent Performance; Outlook Robust: Motilal Oswal

Net sales grew 24% YoY and 18% QoQ to Rs 352 billion in Q3 FY23.

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