Central Mine Planning & Design Institute (CMPDI) Q4 23/24 earnings summary

Executive summary

• FY 2023-24 net sales rose to ₹1,732.69 crore; PBT reached ₹732.84 crore and PAT ₹503.23 crore, with drilling and outside-CIL work increasing.

• Diversification, exploration capacity, digital services and non-coal minerals are central growth priorities; FY 2024-25 drilling target is 10 lakh metres.

Financial highlights

• Net sales ₹1,732.69 crore vs ₹1,386.09 crore; total income ₹1,770.18 crore vs ₹1,398.78 crore, up 26.55% YoY as reported.

• PBT ₹732.84 crore vs ₹366.95 crore; PAT ₹503.23 crore vs ₹296.66 crore. Tax expense was ₹229.61 crore vs ₹70.29 crore.

• Total comprehensive income ₹492.96 crore vs ₹316.08 crore; EPS ₹3,524.02 vs ₹2,077.45 on 1.428 million shares.

• Net worth excluding capital reserve was ₹1,591.61 crore; current assets ₹1,889.96 crore and current liabilities ₹477.50 crore at year-end.

Outlook and guidance

• FY 2024-25 target: 10 lakh metres of drilling and 200 line-km of departmental 2D/3D seismic surveys; ongoing exploration funding under Central Sector Schemes is scheduled through FY 2025-26.

• Growth plans prioritize non-coal minerals, outside-CIL consultancy, hydrogeology, seismic surveys, digitization and alternative coal-based energy; capacity and infrastructure upgrades are also planned.

• Coal demand is expected to rise with energy needs, while renewable expansion and decarbonization requirements are expected to shape coal-sector investment and consultancy demand.