Coal India Shares Dip Following Q2 Results, Brokerages Maintain Bullish Outlook

Coal India Limited, the state-owned mining giant, saw its share price decline by over 3 per cent during intraday trade on Friday, following the release of its financial results for the second quarter of the 2027 fiscal year. Despite the immediate market reaction, several brokerage firms have maintained a positive outlook on the stock, citing strong operational performance.

Q2 Financial Highlights

For the quarter ending September 2026, Coal India reported significant growth across key financial metrics:

• Profit After Tax (PAT): Increased 57 per cent to ₹6,547 crore compared to ₹4,167 crore in the same period last year.
• Total Income: Rose 21 per cent to ₹46,833 crore.
• Production & Offtake: Coal production grew 4 per cent to 151 million tonnes, while offtake increased 12 per cent to 186 million tonnes.
• Realisation: Average billing realisation improved by 7 per cent to ₹2,346 per tonne.

Brokerage Perspectives

Financial analysts remain optimistic regarding the company's long-term trajectory despite rising input costs linked to geopolitical tensions in West Asia.

• Elara Capital: Reiterated a 'Buy' rating with a target price of ₹522. The brokerage cited healthy volume delivery and improved evacuation infrastructure as key drivers.
• Nuvama Institutional Equities: Maintained a 'Buy' rating with a target price of ₹501. The firm noted that while operating costs have risen due to supply chain disruptions affecting diesel and explosive prices, expected volume growth in the second half of FY27 and higher e-auction prices provide a favorable outlook.

Investors are advised that these projections are based on brokerage reports and market data. Performance may be impacted by future operational costs and global market conditions. Verification of official financial statements can be done via the company's investor relations portal or the National Stock Exchange filings.