The company's provision numbers were around Rs. 93 crore as compared to Rs. 900 crore and on other quarters the provision was around Rs. 300 crore.
Coal India posted results for the fourth quarter ended 31st March, 2015. The company posted a net profit after taxes, Minority interest and Share of Profit/(Loss) of Associates of Rs. 42385.50 million for the quarter ended March 31, 2015 as compared to Rs. 44341.80 million for the quarter ended March 31, 2014. Total Income has increased from Rs. 223823.50 million for the quarter ended March 31, 2014 to Rs. 230656.50 mn for the quarter ended March 31, 2015.
The Group has posted a net profit after taxes, Minority interest and Share of Profit/(Loss) of Associates of Rs. 137267.00 million for the year ended March 31, 2015 as compared to Rs. 151116.70 million for the year ended March 31, 2014.
Total Income has increased from Rs. 777794.00 million for the year ended March 31, 2014 to Rs. 806907.10 mn for the year ended March 31, 2015.
In an interview with CNBC TV18, Bipin Kumar Saxena, Director, Coal India, said that in FY15, the e-auction volumes were around 46 million tonnes as compared to a level of 58 million tonnes in 2013-2014. For the year FY16, the company is planning coal level between 7-10 percent which will be the range for the auction.
Moving forward, in terms of incentives which the company received in the final quarter was around Rs. 800-1000 crore as compared to Rs. 1200 crore in FY14. Talking about the volumes in the last quarter, he said, "I do not know the volume but the total year was 46 and in fact in the first half of the year, it was less but the second half of the year, the power plants got stocks build up to a level of 26 million tonnes. The e-auctions volumes also increase subsequently".
With the planned level of production which is at 550 million tonnes, the company is targeting around 30% EBITDA to sales ratio. In terms of growth, they believe to maintain the EBITDA growth at 26-30% in FY16.
Moreover, the company's provision numbers were around Rs. 93 crore as compared to Rs. 900 crore and on other quarters the provision was around Rs. 300 crore. Talking about the reason for the sharp decline in the provisions, he said, "This is because the provisions they have already been settled maybe probably during the three quarters, that is why the provision is less in fourth quarter". Saxena believes that the company would be able to see the provision numbers at around Rs. 100-200 crore.
Lastly, the total receivables on the books were around Rs. 11000 crore. The company is not looking at price hike in the first half of FY16, but the board might take call at the appropriate time.
The Group has posted a net profit after taxes, Minority interest and Share of Profit/(Loss) of Associates of Rs. 137267.00 million for the year ended March 31, 2015 as compared to Rs. 151116.70 million for the year ended March 31, 2014.
Total Income has increased from Rs. 777794.00 million for the year ended March 31, 2014 to Rs. 806907.10 mn for the year ended March 31, 2015.
In an interview with CNBC TV18, Bipin Kumar Saxena, Director, Coal India, said that in FY15, the e-auction volumes were around 46 million tonnes as compared to a level of 58 million tonnes in 2013-2014. For the year FY16, the company is planning coal level between 7-10 percent which will be the range for the auction.
Moving forward, in terms of incentives which the company received in the final quarter was around Rs. 800-1000 crore as compared to Rs. 1200 crore in FY14. Talking about the volumes in the last quarter, he said, "I do not know the volume but the total year was 46 and in fact in the first half of the year, it was less but the second half of the year, the power plants got stocks build up to a level of 26 million tonnes. The e-auctions volumes also increase subsequently".
With the planned level of production which is at 550 million tonnes, the company is targeting around 30% EBITDA to sales ratio. In terms of growth, they believe to maintain the EBITDA growth at 26-30% in FY16.
Moreover, the company's provision numbers were around Rs. 93 crore as compared to Rs. 900 crore and on other quarters the provision was around Rs. 300 crore. Talking about the reason for the sharp decline in the provisions, he said, "This is because the provisions they have already been settled maybe probably during the three quarters, that is why the provision is less in fourth quarter". Saxena believes that the company would be able to see the provision numbers at around Rs. 100-200 crore.
Lastly, the total receivables on the books were around Rs. 11000 crore. The company is not looking at price hike in the first half of FY16, but the board might take call at the appropriate time.
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