Coal India Hits Fresh 52-Week High As Q1Fy23 PAT Climbs 178% YoY

Shares of Coal India in trade on Thursday (August 11, 2022) have scaled to a fresh 52-week high of Rs. 226.8 per share on the NSE. This is a gain of more than 3% in early trade as against the previous closing price of Rs. 219.85.

The gains in the scrip are triggered after the company reported healthy performance in the Q1 period of Fy23. The company's consolidated topline for the period under review has been placed at Rs. 35092 crore, up 39% YoY, 7% QoQ. Consolidated EBITDA for the quarter was at Rs. 12251 crore (up 153% YoY, 35% QoQ). Consolidated EBITDA margin for the quarter was at 34.9% compared to 19.2% in Q1FY22 and 27.8% in Q4FY22. EBITDA/tonne for the quarter was at Rs. 690/tonne compared to Rs. 302/tonne in
Q1FY22 and Consolidated PAT for the quarter was at Rs.8834 crore, up 178% YoY, 32% QoQ,

As per ICICI Direct, Coal India (CIL) reported a healthy performance for Q1FY23. For the quarter, CIL's topline, EBITDA and PAT, all came in higher than our estimates. Better than expected E-auction realisation aided CIL's performance for the quarter. For Q1FY23,
Coal India's E-auction realisation stood at Rs.4340/tonne, up 177% YoY and 78% QoQ.

Coal India is a Maharatna CPSE entity. The company is involved in the production and sale of coal. It serves power and steel sectors, as well as cement, fertilizer, brick and kilns industries, among others.

Last at around 9:36 am, the shares of Coal India traded by a tad higher at Rs. 221.2 apiece on the NSE.