Coal India's net profit surged to Rs 9,069 crore in the December quarter from Rs 6,799 crore in the second quarter. The consolidated revenue from operations in October-December increased to Rs 36,153.97 crore from Rs 35,169.33 crore a year ago.
Coal India supplies 89 per cent of its production to the power sector and thermal power accounts for over 80 per cent of the total power generated in India.
The company released its Q3 numbers post market hours on Monday, reporting a net profit of ₹9,094 crore, a robust 18% YoY growth. This was the highest PAT earned during the third quarter of any year since the company’s listing.
Domestic brokerage house ICICI Direct has chosen Coal India as a High Conviction pick . The recommendation is driven by its high market share in India’s energy basket, strong financials, healthy volume growth and ambitious production targets.
Coal India shares at at 7 times FY2026 earnings per share (EPS) are attractively valued and the stock offers a high dividend yield of 8-9 per cent, said Sharekhan.