Coal India Q2 Results Live : Coal India has released its Q2 results for the fiscal year, reporting a year-over-year decline in revenue and profit. On October 25, 2024, the company announced that its topline revenue decreased by 6.42%, while profit fell by 7.51% compared to the same quarter last year.
The financial results show a more pronounced decline when compared to the previous quarter, with revenue down by 15.88% and profit decreasing by a staggering 42.61%. This indicates significant challenges for the company in maintaining its financial performance.
Operating income also took a hit, with a quarterly decline of 45.75% and a year-over-year decrease of 3.44%. Earnings per share (EPS) for the quarter is reported at ₹10.21, which represents a 7.43% decline from the same period last year.
In terms of stock performance, Coal India has experienced a -2.58% return over the past week, but has posted a more favorable 5.48% return over the last six months and an impressive 26.93% year-to-date return.
As of October 26, 2024, Coal India boasts a market capitalization of ₹294116.2 Cr, with its stock trading between a 52-week high of ₹543.55 and a low of ₹302.9.
Analysts remain divided on the stock, with 2 giving it a Strong Sell rating, 1 a Sell rating, 4 a Hold rating, 7 a Buy rating, and 8 a Strong Buy rating. The consensus recommendation as of October 26, 2024, is to Buy, suggesting that despite recent challenges, many believe in the company’s long-term potential.
