{"id":617150,"date":"2023-11-14T09:39:59","date_gmt":"2023-11-14T04:09:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=617150"},"modified":"2023-11-14T10:05:20","modified_gmt":"2023-11-14T04:35:20","slug":"rating-buy-cil-stellar-q2-show-outlook-positive","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rating-buy-cil-stellar-q2-show-outlook-positive\/","title":{"rendered":"Rating: BUY | CIL: Stellar Q2 show, outlook positive"},"content":{"rendered":"<p>Coal India ltd (CIL) exceeded expectations in Q2FY24 with an EPS of `11.9\/share, surpassing both our and consensus estimates by 35% and 25%, respectively. Key points include: <\/p>\n<p>Volume growth: Positive volume trends were observed across all categories, offsetting the adverse effects of lower e-auction realisation. <\/p>\n<p>Wage cost management: Wage costs, totalling `116.4 billion, remained at normalised levels and were within our projected estimates. <\/p>\n<p>Provision adjustment: A significant unwinding of the Rs 81.5 billion provision made in FY23 for wage hikes was noted in Q2FY24. This resulted in a reduction of the cash and bank balance to Rs 370 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coal India ltd (CIL) exceeded expectations in Q2FY24 with an EPS of `11.9\/share, surpassing both our and consensus estimates by 35% and 25%, respectively. Key points include: Volume growth: Positive volume trends were observed across all categories, offsetting the adverse effects of lower e-auction realisation. Wage cost management: Wage costs, totalling `116.4 billion, remained at normalised levels and were within our projected estimates. Provision adjustment: A significant unwinding of the Rs 81.5 billion provision made in FY23 for wage hikes was noted in Q2FY24. This resulted in a reduction of the cash and bank balance to Rs 370 billion.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-617150","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/617150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=617150"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/617150\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=617150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=617150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=617150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}