CIL hit by gratuity provision but revenue growth is a bright spot

CIL hit by gratuity provision but revenue growth is a bright spot

At first glance, Coal India Ltd’s (CIL’s) reported March quarter consolidated Ebitda looks miserably low at just Rs196 crore. But employee costs rose a whopping 80% against the year-ago period, which included Rs7,384 crore towards provisions for an increase in the gratuity ceiling. This is one-off in nature. Adjusting for this, earnings are better than expected, say analysts.

IOC Likely To Report Strong Q3, Marketing Margins To Come Under Pressure

IOC Likely To Report Strong Q3, Marketing Margins To Come Under Pressure

Indian Oil Corporation (IOC), the country’s largest fuel retailer, is likely to report strong third quarter numbers on the back of increased refinery throughput and crude inventory gain offsetting lower refining and marketing margins arising due to lack of adequate increase in auto fuel prices during state elections, according to experts.

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