Income from operations within the January-March 2025 interval declined marginally by 1% to Rs 37,825 crore. The identical stood at Rs 38,213 crore within the earlier 12 months interval.
Coal India reported a complete uncooked coal manufacturing of 237.69 million tonnes for the quarter ended March 2025, reflecting a 1.7% decline YoY from 241.75 million tonnes in Q4FY24.
The marginal drop in manufacturing comes regardless of the corporate’s give attention to ramping up output to fulfill home demand, however operational challenges and seasonal components possible impacted the output.
Coal offtake for the quarter got here in at 201.38 million tonnes, largely flat in comparison with 201.66 million tonnes in the identical interval final 12 months, indicating regular demand from the facility and industrial sectors. Nonetheless, the muted progress suggests softer traction within the non-power section.
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Do you have to purchase, promote, or maintain Coal India’s inventory? Right here’s what brokerages say:
Nuvama
Nuvama maintained a ‘Maintain’ ranking on Coal India with a goal value of Rs 405.
Whereas income remained flat, a drop in worker prices supported an 11% YoY rise in EBITDA. Nonetheless, quantity progress stays a priority. The brokerage expects a 3% quantity CAGR for FY25–27E, supported by larger realisations, together with a Rs 300/tonne value hike at NCL from Could 2025. Regardless of restricted earnings progress—EBITDA CAGR additionally estimated at 3%—Coal India affords a pretty 6.5% dividend yield, with a projected dividend per share of Rs 25.
Motilal Oswal
Motilal Oswal Monetary Companies (MOSL) has maintained a ‘Purchase’ ranking on Coal India with a goal value of Rs 480.
The brokerage famous that Coal India delivered an honest efficiency in Q4FY25 following a muted first half of the fiscal 12 months. It highlighted the corporate’s give attention to growing its coal washer capability, which is anticipated to boost its market share in each home coking and non-coking coal segments.
Moreover, the administration is concentrating on increasing coal mines, with funding to be sourced by way of inside accruals or, the place wanted, potential borrowing. MOSL initiatives Coal India to register an 8% quantity CAGR throughout FY25–27.
Coal India share value efficiency
On Wednesday, shares of Coal India closed 1.4% larger at Rs 383.80 on the BSE, whereas the benchmark Sensex rose 0.13%. Over the previous six months, the inventory has declined round 12%, however it has gained 62% over the past two years. The corporate’s market capitalisation at the moment stands at Rs 2.36 lakh crore.
(Disclaimer: Suggestions, recommendations, views and opinions given by the consultants are their very own. These don’t signify the views of The Financial Instances)
