Central Mine Planning & Design Institute (CMPDI) Q4 22/23 earnings summary

Executive summary

• FY23 revenue from operations rose to ₹1,386.09 crore from ₹1,208.43 crore; PAT reached ₹296.66 crore and EPS ₹2,077.45.

• Outside-CIL diversification generated record revenue of over ₹68 crore, while drilling reached 6.85 lakh metres and project reports added planned capacity of about 87 Mtpa.

Financial highlights

• Revenue from operations was ₹1,386.09 crore, up from ₹1,208.43 crore YoY; total income was ₹1,398.78 crore versus ₹1,238.26 crore.

• PBT was ₹366.95 crore versus ₹366.04 crore; PAT was ₹296.66 crore versus ₹282.12 crore.

• Total expenses rose to ₹1,031.83 crore from ₹872.22 crore; other income declined to ₹12.69 crore from ₹29.83 crore.

• Total comprehensive income was ₹316.08 crore versus ₹302.06 crore; OCI was ₹19.42 crore versus ₹19.94 crore.

Outlook and guidance

• FY24 exploration targets: 7.50 lakh metres of drilling and 680 line-km of 2D/3D seismic survey; priority on seismic methods alongside reduced borehole density.

• EFC recommended funding exploration under two Central Sector Schemes for the next 4–5 years, supporting a potential recovery in exploration activity.

• Indian coal demand is projected to rise, with production needs estimated at about 1.5 Bt by 2030; renewable targets and just-transition pressures may reshape coal-sector work.