Coal India Q3 results update

Last updated: 11 Feb, 2021 | 11:20 am

Coal India Q3 results update
  • Profit declines: Coal India has reported a 21.4% yearly fall in consolidated net profit to Rs 3,084.1 crore in Oct-Dec 20 period, missing street estimates. Analysts had earlier estimated net profit to be at  Rs 4,172 crore. The bottomline was impacted due to steep fall in other income. Coal India's other income fell 54% on-year to Rs 648.59 crore. 
  • Revenue below estimates: The company's topline has also come in below street estimates. Consolidated revenues rose 2.1% on-year to Rs 23,686 crore. Analysts had earlier expected revenues of about Rs 23,686 crore. Production of raw coal increased 6% on-year to 157 tonnes. Raw Coal offtake increased 8.6% on-year to 154 tonnes.

While the company has missed estimates, the performance is improving as the economy improves.  Last month, the company had announced that it has scaled up its capital expenditure budget for the ongoing fiscal by an additional Rs 3,000 crore, revising it to Rs 13,000 crore. This represents a 30% jump over CIL's original capex target of Rs 10,000 crore for 2020-21.

Production, as well as offtake, has shown improvement as factories and offices re-opened in the country. The company remains focused on automating the coal loading capacities in its 49 mines by 2024. Coal India is also set to be a major beneficiary of the Central Government's recent push to significantly reduce import of thermal coal in the coming years.

Finzoom Investment Advisors Private Limited (Brand Name - INDmoney, INDwealth,,, makes no warranties or representations, express or implied, on products and services offered through the platform. It accepts no liability for any damages or losses, however, caused in connection with the use of, or on the reliance of its advisory or related services.

Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs. Performance and returns of any investment portfolio can neither be predicted nor guaranteed.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Marketing and distribution of various financial products such as loans and deposits are powered by Finzoomers Services Private Limited.

INDmoney, INDwealth, are brand and product of Finzoom Investment Advisors (P) Limited.

© Finzoom Investment Advisors Private Limited

[SEBI RIA Registration No: INA100012190] [Type of Registration: Non-Individual] [Validity of registration: December 17, 2018-Perpetual] [Address: 616, 6th Floor, Suncity Success Tower, Golf Course Extension Road, Sector – 65, Gurugram, Haryana- 122005] [Principal Officer details: Mr. Gaurav Sharma, Email id:, Contact No. 8800826254] [Corresponding SEBI local office address: Securities and Exchange Board of India, Local Office, First Floor, SCO 127-128, Sector 17C, Chandigarh-160017]

[ARN - 151913] [Platform Partner : BSE (Member code-24801)] [CIN - U67190HR2018PTC073294] [GST No : 06AADCF3538Q1Z8]