Coal India records PAT of Rs 2,933 cr in Q2FY22

Consolidated PAT came down 8 percent from Rs 3,174 crore reported in the preceding quarter.

The consolidated revenues from operations at Rs 23,291 crore increased 10 percent from Rs 21,153 crore recorded in the same quarter last year.

However, consolidated revenues from operations dropped 8 percent from Rs 25,282 crore reported in the first quarter of this financial year.

Similarly, raw coal off-take was increased by 10 percent y-o-y to 147 million tonnes from 134 million tonnes YoY.

Operating Performance

The coal manufacturer's consolidated operating profit for the quarter dipped marginally by 1 percent y-o-y to Rs 3,942 crore compared to Rs 3,975 crore reported in the same period last year.

The consolidated operating margins however, witnessed a steeper decline from 18.8 percent last year to 17 percent in this quarter.

However, the coal miner’s consolidated operating margin in the quarter declined to 16.93 percent from 18.79 percent in the year-ago quarter likely due to higher contractual expenses.

Contractual expenses as percentage of sales increased by 1 percent to 18 percent in this quarter compared to 17 percent of sales in the same quarter of last year.

For the quarter, the company recorded contractual expenses at Rs 3,992 crore compared to Rs 3,311 crore in the corresponding quarter last year.