Moderate valuation, high dividends should provide floor to Coal India stock

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Global slowdown leading to lower prices, fall in e-auction volumes and higher-than-expected wages are downside risks

Topics
Coal India | Coal India shares


Devangshu Datta  | 
New Delhi 


The public sector major Coal India reported results which disappointed the markets. At consolidated levels, the PAT for Q2, 2021-22 was Rs 2,937 crore, down marginally from Rs 2,948 crore in the corresponding quarter of 2020-21. Revenues from operations increased to Rs 23,291 crore, compared with Rs 21,153 crore year-on-year (YoY).

Expenses were also up, to Rs 20,424.5 crore, against Rs 18,177.8 crore YoY. The Ebitda for September quarter (Q2) of 2021-22 was at Rs 4,441 crore, versus Rs 4,643 crore a year ago. EBITDA margin dropped to 21 per cent from 24 per cent YoY. Importantly, …

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