Revenue in line; earnings hit by weak e-auction volumes and high costs

Company
28 Oct 2024
5 Min read 
  • Coal India's financials and valuations are detailed, including sales, EBITDA, and PAT estimates.
  •  2QFY25 results show a decline in revenue, EBITDA, and PAT due to weak e-auction volumes and high costs.
  •  The company's production and sales volumes were affected by heavy monsoons.
  •  The valuation and view indicate a weak 2Q performance, with lower revenue and EBITDA/APAT estimates.
  •  The long-term outlook for COAL remains positive, with expectations of improved volumes and profitability.
  •  The stock is trading at 4.2x FY27E EV/EBITDA, and the recommendation is to buy with a revised TP of INR560.
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