External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Coal India Follow-On - Recent Momentum Is Strong but past Deals Haven’t Done Much

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>CIL posted a mixed set of numbers with revenue in line with our estimates while EBITDA/PAT reported a slight miss (6%/3%) from our estimates.</li><li>Revenue stood largely in line, up 17%/8% YoY/QoQ, led by higher sales offtake and ASPs (up 13%/2% YoY/QoQ).</li><li>EBITDA (down 24%/34% YoY/QoQ) missed our estimates by 6%, mainly on account of the higher- than-expected employee, contractual, and other expenses, which are partially offset by lower-than- expected RM (coal stock build-up) and stripping activity costs.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

CIL posted a mixed set of numbers with revenue in line with our estimates while EBITDA/PAT reported a slight miss (6%/3%) from our estimates.Revenue stood largely in line, up 17%/8% YoY/QoQ, led by higher sales offtake and ASPs (up 13%/2% YoY/QoQ).EBITDA (down 24%/34% YoY/QoQ) missed our estimates by 6%, mainly on account of the higher- than-expected employee, contractual, and other expenses, which are partially offset by lower-than- expected RM (coal stock build-up) and stripping activity costs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Coal India - Healthy Traction in Volumes Bodes Well

Coal India Ltd

Coal India - Healthy Traction in Volumes Bodes Well