Coal India Q4FY21 Results Preview – know what to expect; analyst recommends this for investors of the stock
Coal India Q4FY21 Results Preview – The Q4FY21 earnings results of Coal India Limited (CIL) will be announced on Monday. What should the investors expect in the Quarter ended 31 March 2021. How will the stock get impacted? Get the complete picture from Zee Business Research Analyst Ashish Chaturvedi
Coal India Q4FY21 Results Preview – The Q4FY21 earnings results of Coal India Limited (CIL) will be announced on Monday. What should the investors expect in the Quarter ended 31 March 2021. How will the stock get impacted? Get the complete picture from Zee Business Research Analyst Ashish Chaturvedi.
Chaturvedi said that the quarterly results are likely to remain weak for the last quarter of FY21 for Coal India. The net profit is expected to be 25 per cent down to Rs 3457 cr, he said. The net profit for the corresponding period in FY20 was at Rs 4626 cr.
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The EBITDA is expected to see a 21 per cent decline, he further said.
He said that the top line for the state-run company is expected to remain flat with 2 per cent fall as per the market estimates. The eye will be on the receivables from the power companies, he further said.
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The market will also look at the management guidance on capacity expansion, he said. But, in terms of numbers, the results are expected to be weaker, he concluded.
What expert Sandeep Jain says about Coal India stocks?
Jain said that CIL is currently available at cheaper valuations and is also important in terms of dividend payout. Moreover, the PSU stocks have not had a very strong run in the stock markets, he said indicating an upside in this stock from here. He said that power and infra stocks have been doing well which makes a good case for Coal India stocks.
Investors who have this stock in their portfolio should continue holding it, he advised.
Coal India stocks ended at Rs 162.75 on the NSE on Friday. It was higher by over 3.6 per cent from the last closing price on Thursday. In the process it also achieved its intraday 52-week high of Rs 165. Its 52-week low is Rs 109.55, it hit on 15 October 2020.
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