Coal news and updates

Edelweiss has come out with its second quarter (July-September) earnings estimates for the Metals and Mining sector. The brokerage house expects Coal India to report net profit at Rs. 2019.2 crore up 236.4% year-on-year (down 14.1% quarter-on-quarter).

 

Net Sales are expected to increase by 23.9 percent Y-o-Y (down 2.3 percent Q-o-Q) to Rs. 20087.8 crore, according to Edelweiss.

 

Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 235.8 percent Y-o-Y (down 29.2 percent Q-o-Q) to Rs. 2493.4 crore.

 

Source: moneycontrol