Motilal Oswal maintained a buy rating on Coal India with a target price of Rs 480, citing an in-line operational performance supported by higher e-auction premiums. The company’s adjusted EBITDA (excluding OBR costs) stood at Rs 104 billion, a 13% year-on-year decline but a 45% sequential increase, meeting estimates. EBITDA per tonne came in at Rs 536, down 14% YoY but up 26% QoQ.
Adjusted PAT for the quarter was Rs 85 billion, a 17% YoY decline but a 35% sequential increase, supported by higher-than-expected other income. The brokerage highlighted the positive impact of e-auction realizations on profitability, bolstering the company’s outlook.
Coal India Limited reported its financial results for the third quarter of FY25, reflecting a decline in both revenue and profitability. The consolidated revenue from operations stood at ₹32,358.98 crore, down 2.0% compared to ₹33,011.11 crore in the same quarter last year. Net profit for the period was ₹8,491.22 crore, marking a 17.5% decline from ₹10,291.71 crore in Q3 FY24.
