State-run coal miner Coal India's second quarter
profit is seen falling 15.5 percent year-on-year to Rs 2,150 crore and revenue
may decline 0.9 percent to Rs 16,800 crore
Coal India Q2 profit seen down 15%
MCX Free Tips Operating profit during the quarter is likely to
increase 4.6 percent to Rs 2,590 crore and margin may expand 80 basis points to
15.4 percent compared with year-ago time.
Weak volumes coupled with serious e-auction
pricing may weigh on earnings.
Top line is predictable to be impacted by sales
volumes off take (down 4.9 percent at 116 MT) and muted demand resulting in a
decline in off take in quarterly volume after nearly 5 years.
Fuel supply agreement volumes were down but
pricing was steady while e-auction volumes were strong but pricing was under strain,
Key matters to watch out for
- E-auction volumes and realization
- Global coal prices
- Coal price hike
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