- Coal India’s net income for Q1 2024 was 109.6 billion rupees, exceeding estimates of 76.54 billion rupees by 4.1% compared to last year.
- Revenue stood at 364.6 billion rupees, a 1.3% increase year-over-year, slightly above the estimate of 360.21 billion rupees.
- Other operating income rose to 32.9 billion rupees, marking a 13% growth year-over-year and surpassing the estimate of 29.89 billion rupees.
- Other income also saw a significant rise, reaching 18.9 billion rupees, which is a 23% increase compared to the previous year.
- Total costs recorded were 242.9 billion rupees, reflecting a minor increase of 0.7% year-over-year.
- Employee benefits expenses amounted to 114.5 billion rupees, showing a decrease of 4.8% from last year, beating the estimate of 121.15 billion rupees.
- Contractual expenses were 78.1 billion rupees, up 17% year-over-year and higher than the estimate of 73.52 billion rupees.
- Finance costs for the quarter were 2.09 billion rupees, up 17% year-over-year but lower than the estimate of 2.34 billion rupees.
- Other expenses came in at 26.3 billion rupees, showing a 4% increase from last year but were significantly below the estimates of 36.2 billion rupees.
- Adjustments for stripping activity for the quarter ended June 2023 were 30.6 billion rupees, representing a credit balance.
- Analyst recommendations include 20 buys, 3 holds, and 3 sells.
A look at Coal India Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Coal India Ltd, a company renowned for its production and marketing of coal and coal products, is positioned quite favorably for the long term, according to the Smartkarma Smart Scores. With a stellar dividend score of 5, investors can expect consistent and attractive returns in the form of dividends. Moreover, the company scores well in terms of growth and resilience, with scores of 4 and 5 respectively, indicating a strong potential for expansion and the ability to withstand market challenges. These factors combined suggest a promising outlook for Coal India Ltd in the coming years.
Although the value score of 3 indicates some room for improvement in terms of undervaluation, the high scores in dividend, growth, resilience, and momentum (with a score of 4) paint a bright picture for the company’s performance in the foreseeable future. Investors looking for a company with a strong dividend yield, growth potential, and resilience in the face of market uncertainties may find Coal India Ltd to be an intriguing investment opportunity.
### Coal India Limited produces and markets coal and coal products, as well as provides related consulting services. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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