Coal India’s second quarter results announced in real time: profit fell 7.51% year-on-year

Coal India second quarter results live: Coal India has announced its second quarter results for the current fiscal year, with revenue and profit falling year-on-year. On October 25, 2024, the company announced that revenue fell by 6.42% and profit by 7.51% compared with the same period last year.

The financial report shows that compared with the previous quarter, the decline was more obvious, with revenue falling by 15.88% and profit falling by an astonishing 42.61%. This indicates that the company faces significant challenges in maintaining financial performance.

Operating income also took a hit, falling 45.75% quarterly and 3.44% year-over-year. Earnings per share (EPS) reported for the quarter were $10.21, a decrease of 7.43% compared with the same period last year.

In terms of stock performance, Coal India has returned -2.58% over the past week, but has returned a more favorable 5.48% over the past six months, with year-to-date returns at an impressive 26.93%.

As of October 26, 2024, Coal India’s market capitalization was $294116.2 Cr, with its shares trading between 52-week highs $543.55 and minimum $302.9.

Analysts remain divided on the stock, with 2 rating it a Strong Sell rating, 1 rating it a Sell, 4 rating it a Hold, 7 rating it a Buy and 8 rating it a Buy. Analysts have a Strong Buy rating. As of October 26, 2024, the consensus recommendation is “Buy,” indicating that many believe in the company’s long-term potential despite recent challenges.