Prabhudas Lilladher Recommends Accumulate on Coal India, Sets Rs 465 Target

Prabhudas Lilladher's research report cites Coal India EBITDA (excluding OBR) of INR 73.9 billion, up 29% year over year and 6% above its estimates. EBITDA margin improved year over year to 16.7%, with EBITDA per tonne at INR 399; offtake also grew.