Coal India net profit drops by 52 per cent in Q4FY18

 Coal India, the country’s largest coal manufacturer, posted strong top-line growth, however, higher employee benefit expenses lowered operating profit and bottom-line in Q4FY18.

The total revenue for the quarter rose by 5.8 per cent yoy and 16.7 per cent qoq to Rs. 37,494 crore in Q4FY18 vs Rs. 35,432 crore in Q4FY17 and Rs. 32,140 crore in Q3FY18.

The EBITDA for the quarter declined by 23.2 per cent yoy to Rs. 10,779 crore in Q4FY18 vs Rs. 14,041 crore in Q4FY17. This was largely led by 80 per cent yoy increase in employee benefit expenses to Rs. 16,653 crore in Q4FY18 vs Rs. 9,240 crore in Q4FY17

The EBITDA margins also witnessed substantial contraction of 1090 bps to 28.7 per cent in Q4FY18 vs 39.6 per cent in Q4FY17.

The bottom-line for the quarter resulted to 52.4 per cent yoy decline for the quarter to Rs. 1,294 crore in Q4FY18 vs Rs. 2,720 crore in Q4FY18.

For the full year, the revenue for the quarter rose by 4 per cent yoy, EBITDA declined 2.5 per cent with 260 bps margins contraction, lastly, the bottom-line contracted by 24.4 per cent yoy to Rs. 7,019 crore.

On Wednesday, the stock closed 2.35 per cent  up at Rs. 288.75 per share.