CIL’s FY21 income/Ebitda/PAT improved considerably in H2FY21, however was nonetheless decrease by 6.3%/15.3%/23.9% y-o-y at Rs 900/186/127 bn, respectively, as a result of severity of H1FY21 earnings. Coal India (CIL) has reported higher-than-estimated PAT in Q4FY21, buoyed by greater volumes, improved q-o-q realisation and decrease taxes. At Rs 45.9 bn, PAT was decrease by solely