Coal India shares slip 2% after Q1 results as Jefferies keeps Buy rating
Key Takeaways
- •Coal India reported consolidated net profit of Rs 8,852 crore for Q1 FY27, up 1% from a year earlier.
- •Profit fell by more than 18% on a sequential basis compared with the previous quarter.
- •The company’s shares dropped 2% after the quarterly update.
- •Jefferies maintained a Buy rating on Coal India with a target price of Rs 500.
- •Jefferies cited a potential recovery in power demand, better earnings growth and attractive valuations.
Coal India shares fell 2% after the state-run miner reported a marginal 1% year-on-year increase in consolidated net profit for Q1 FY27 to Rs 8,852 crore. On a sequential basis, profit declined more than 18%.
The update came as investors weighed a softer quarterly print against the company’s role as a key supplier to India’s power sector, where demand trends can influence coal offtake and earnings visibility. Even so, Jefferies maintained a Buy rating on the stock with a target price of Rs 500, citing an expected recovery in power demand, improving earnings growth and attractive valuations.
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