Coalindia / Q2-FY24

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Positive2023-11-15Back to COALINDIA

Revenue

₹3,27,76,41,00,000 Cr

verified against source

Revenue YoY

—

reported change

EBITDA

Pending

latest reported figure

Source

nse xbrl

record provenance

Actual signal trajectory

Where this quarter sits.

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Revenue (₹ Cr)PositiveWatchNegative
3 actual records
Actual quarterly Revenue (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q2 FY24: 3,27,76,41,00,000 · Positive source sentiment · 2023-11-15Q2 FY24Q3 FY24: 36,154 · Positive source sentiment · 2024-02-14Q3 FY24Q4 FY25: 37,825 · Watch source sentiment · 2025-05-07Q4 FY253,27,76,41,00,00036,154
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

Coal India reported a solid H1 FY24 with production up 12% YoY and offtake up 9% YoY, driven by robust power demand (33% growth in October). Management reiterated the FY24 production target of 780 million tons and FY25 target of 851 million tons, supported by improving evacuation infrastructure and MDO ramp-up. E-auction premiums remain strong at 90% over notified price, though management sees no near-term FSA price hike for the power sector. The company is on track to achieve 1 billion tons by FY27, contingent on demand. Key risks include land acquisition delays (e.g., MCL's Basundhara stoppage) and railway rake shortages in SECL and MCL, which could constrain dispatches.

Colored figures show movement against the previous available record.

Guidance to track

  • Management confirmed the annual production target of 780 million tons for FY24, with H1 production up 12% YoY.
  • Management guided for FY25 production of 851 million tons, implying ~9% YoY growth.
  • Management expects e-auction volumes to be 15% of production in H2 FY24.
  • MDO projects are expected to contribute 20-25 million tons in FY25 and 55-60 million tons in FY26.

Risks flagged

  • MCL's Basundhara coal field faced a 26-day stoppage due to land compensation disputes, impacting production.
  • Management acknowledged daily rake shortages of 5 rakes in SECL and MCL, constraining dispatches.
  • E-auction premiums have been volatile, ranging from 50-60% to 90%, dependent on demand and import prices.
  • Management ruled out any FSA price hike for the power sector in the next 7-8 months, limiting revenue growth.

Key quotes

  • In October month alone, 33% coal-based power growth is there.
  • Next 6 to 7 years, absolute, there is no issue, but rather, I will say it is up to 2040 also.
  • By next year, we will be phasing out [MSTC].

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