Coal India Q4 profit may rise 4% YoY; revenue seen flat

Coal India is expected to post a stable performance in the March 2025 quarter, with flat revenue and modest growth in profitability, aided by improved e-auction realisations and cost discipline. The company’s net profit is expected to grow by an average of 4% YoY, while revenue will likely remain largely unchanged compared to the year-ago quarter.

Dispatch volumes were mostly flat YoY, and production declined marginally by 2%. However, e-auction premiums rose from Rs 2,545 to Rs 2,650 per tonne, helping offset the lack of growth in physical volumes.

Brokerages expect operating margins to remain healthy, supported by improved pricing mix and stable stripping ratios.

Here's what analysts expect from Coal India Q4
Motilal Oswal
Motilal Oswal expects a YoY PAT growth of just 0.1%, with revenue rising 2.4% to Rs 38,293 crore. EBITDA is projected at Rs 11,110 crore. The brokerage remains positive on Coal India due to its strong dividend profile and robust cash flows, maintaining a target price of Rs 480.

Nuvama
Nuvama projects PAT growth of 6% YoY, led by better realisations and cost efficiencies, although it estimates revenue to decline 1.8% YoY to Rs 36,722 crore. The brokerage believes operational levers and steady demand from the power sector will aid performance in FY26.

Antique Broking
While Antique does not provide a numeric PAT growth, it expects a flat to marginally positive performance, with EBITDA likely up 1% YoY. The firm notes stable auction pricing and cautious cost management but warns that production constraints could limit upside.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)