*ABOVE & BEYOND*

Coal India Ltd Q2

Denofwealth had initially estimated Q2 PAT at 450 Crores Vs Bloomberg est of 2031 Cr. Subsequently denofwealth tweeted that PAT can be as low as 360 Crores AND co has declared 369 Crores PAT
We feel that in no part of the world, employee cost eat up 50% of mining co revenue EXCEPT Coal India. Coal has provided only 2300 Cr for wage revision. It means 4300 Cr remains to be provided in H2.
Best part is that in investor presentation, Coal has compared *H1 no's YoY and not mentioning about extremely bad Q2 no's*
Mgtmnt may make lofty promises to sustain share price but they never mentioned in Q1 presentation that Q2 will be bad