COAL INDIA LTD =QUARTERLY RESULTS = Q3 FY 2012 = Q/E DEC, 2011 = NET SALES UP 21% YoY; CON-NPT UP 54% YoY

Coal India Limited

NSE Symbol        COALINDIA

COAL INDIA LIMITED has declared Consolidated results for third quarter ended Dec, 2011.

Net Sales in Q3 FY 12 stands at Rs.15349.28 Cr – up by 16.74% from Q2 FY 12 (Previous qtr); and up by  5.86% from Q1 FY 12 (First qtr); and up by      20.94% from Q3 FY 11 (corresponding Qtr)

Raw Materials in Q3 FY 12 stands at Rs.1902.73 Cr – up by 8.23% from  Q2 FY 12; and up by 19.28% from Q1 FY 12; and up by 4.67% from Q3 FY 11 (corresponding Qtr)

Employees Cost  in Q3 FY 12 stands at Rs.5622.05 Cr– down by       -1.21 % from Q2 FY 12; and up by     15.39% from Q1 FY 12; and up by 24.93 from Q3 FY 11 (corresponding Qtr).

Other Expenditure in Q3 FY 12stands at Rs.3333.73 Cr in Q3 FY 12 – up by 25.13% from Q2 FY 12; up by  17.25% from Q1 FY 12; and up by 5.83 from Q3 FY 11 (corresponding Qtr).

Total Expenditure in Q3 FY 12 stands at Rs.11332.85 Cr – up by0.79% from Q2 FY 12; up by 12.09% from Q1 FY 12; and up by 16.48 from Q3 FY 11 (corresponding Qtr).

Profit from Operations      in Q3 FY 12 stands at Rs.4016.43 Cr  – up by 110.95% from Q2 FY 12; DOWN  by  -8.49% from Q1 FY 12;and up by 35.58 % from Q3 FY 11 (corresponding Qtr)

Other Income in Q3 FY 12 stands at Rs.1855.87 Cr – up by      3.44% from Q2 FY 12;  up by     19.05 % from Q1 FY 12; and up by 44.14 from Q3 FY 11 (corresponding Qtr).

Profit before tax in Q3 FY 12 stands at Rs.5869.92 Cr – up by 58.69% from Q2 FY12; DOWN BY         -1.44% from Q1 FY 12; and up by 39.57 from Q3 FY 11 (corresponding Qtr).

Tax Expense in Q3 FY 12 stands at Rs.1832.16 Cr – up by       64.58% from Q2 FY 12; and up by  1.14% from Q1 FY 12; and up by 15.99% from Q3 FY 11 (corresponding Qtr).

Consolidated NPT in Q3 FY 12 stands at Rs.4037.76 Cr – up by 55.71% from Q2 FY 12; DOWN BY -2.56% from Q1 FY 12; and up by  53.76% from Q3 FY 11 (corresponding Qtr).

Face Value  is Rs.10; and Paid-up Equity is Rs.6316.36 Cr.

Basic EPS is Rs.6.39 in Q3 FY 12; Rs.4.1 in Q2 FY 11; Rs.6.56 in Q1 FY 12; and  Rs.4.16 in Q3 FY 11.

Annual EPS is likely to be Rs.23.44.

Current Market price is Rs. 335.75,  while the 52 week high price is Rs.422.35 and the 52 week low price  is Rs.289.

The Price Earning Ratio is around  14.32.

OTHER DETAILS

EPS for 9/m ended Dec,11 is 17.04 against Rs.10.51 last year 9 m.

Production (In Mn Ton) is 114.62 for Q3; while offtake is 110.27 Mn Ton.

For Q3 FY 11, the same was 113.77 Mn Tons and 110.42 Mn Tons respectively.

National Coal wage agreement was finalized on 31.01.2012, which is effective from 01/07/2011 to 30/06/2016

Provision has been made in Q2 and Q3 also, but final impact will be considered in Q4.

CONSOLIDATED RESULTS TABLE

COAL INDIA LTD-CONSOL	Q3FY12	Q2FY12	%DIF1	Q1FY12	%DIF2	Q3FY11	%DIF3
Net Sales	1534928	1,314,808.00	16.74	1,449,908.00	5.86	1,269,189.05	20.94
Increase in SIT/WIP	-5133	55,789.00	-109.20	36,899.00	-113.91	-15,208.42	-66.25
Raw Materials	190273	175,799.00	8.23	159,514.00	19.28	181,776.23	4.67
Employees Cost	562205	569,070.00	-1.21	487,207.00	15.39	450,005.89	24.93
Depreciation	52567	57,337.00	-8.32	43,078.00	22.03	41,360.01	27.1
Other Expenditure	333373	266,420.00	25.13	284,323.00	17.25	315,017.90	5.83
Total Expenditure	1133285	1,124,415.00	0.79	1,011,021.00	12.09	972,951.61	16.48
Profit from Operations	401643	190,393.00	110.95	438,887.00	-8.49	296,237.44	35.58
Other Income	185587	179,419.00	3.44	155,889.00	19.05	128,758.15	44.14
Interest	760	829	-8.32	547	38.94	2,850.96	-73.34
Exceptional items	-522	-918	-43.14	-1,317.00	-60.36	1,580.81	-133.02
Profit before tax	586992	369,901.00	58.69	595,546.00	-1.44	420,563.82	39.57
Tax Expense	183216	111,323.00	64.58	181,154.00	1.14	157,955.97	15.99
Consolidated NPT	403776	259,311.00	55.71	414,392.00	-2.56	262,607.85	53.76
Face Value (in Rs.)	10	10	0.00	10	0.00	10	0
Paid-up Equity	631636	631,636.00	0.00	631,636.00	0.00	631,636.44	0
Basic EPS(Rs)	6.39	4.1	55.85	6.56	-2.59	4.16	53.61
Public Holding (%)	10	10	0.00	10	0.00	10	0

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