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Informist, Monday, Apr. 27, 2026

 

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--Coal India Q4 sales avg realisation/tn INR 2,289.58 vs INR 2,170.66 yr ago
--Coal India Q4 sales volume in e-auction 27.63 mln tn vs 21.63 mln tn
--Coal India FY26 consol EBITDA margin 32% vs 34% year ago
--Coal India FY26 consol EBITDA INR 532.76 bln vs INR 571.39 bln yr ago
--Coal India Jan-Mar consol EBITDA margin 39% vs 36% year ago
--Coal India Jan-Mar consol EBITDA INR 179.17 bln vs INR 160.40 bln yr ago
--Coal India FY26 consol revenue INR 1.68 tln vs INR 1.69 tln yr ago
--Coal India FY26 consol PAT INR 310.94 bln vs INR 355.06 bln yr ago
--Coal India to pay INR 5.25 per share final dividend
--Coal India Jan-Mar consol revenue INR 464.90 bln vs INR 439.62 bln yr ago
--Coal India Jan-Mar consol PAT INR 108.39 bln vs INR 97.52 bln yr ago
--Analysts saw Coal India Jan-Mar consol revenue at INR 374.64 bln
--Coal India Jan-Mar consol revenue INR 464.90 bln
--Analysts saw Coal India Jan-Mar consol net profit at INR 91.22 bln
--Coal India Jan-Mar consol net profit INR 108.39 bln

 

By Sunil Raghu

 

AHMEDABAD - Coal India Ltd. reported an on-year rise of over 11% in consolidated net profit for the March quarter to INR 108.39 billion as inventory gain, fall in employee costs, higher revenue, and better margins helped offset rising cost and a dip in sales volumes. The Maharatna company's net profit was way above analysts' expectation of a profit after tax of INR 91.22 billion. It was also above the highest estimate for net profit of INR 101.9 billion by Elara Securities (India) Pvt. Ltd.

 

The company's consolidated revenue, too, was up nearly 6% on year to INR 464.90 billion, and was also much above the Street's expectation of INR 374.64 billion. The 1% drop in Jan-Mar total sales volumes of Coal India and its subsidiaries to 198.83 million tonnes failed to pull down the company's revenue for the March quarter.

 

The company's total expenses rose a little over 6% on year to INR 371.07 billion, offsetting the gains Coal India had made from a decline in employee costs and an increase in profit contribution from its joint ventures. The company's employee costs for the quarter under review fell over 2% on year to INR 115.26 billion, while the profit contribution from its joint ventures was up almost 30% on year at INR 5 billion. 

 

The key costs that saw a fall in the March quarter included an over 2% on-year fall in employee benefit expenses to INR 115.26 billion. The finance costs were up over 42% on year at INR 3.4 billion. The company recorded an inventory gain of nearly INR 36 billion, compared with INR 31 billion a year ago quarter.

 

Coal India's sales realisation per tonne from long-term supply contracts, or fuel supply agreements, improved nearly 6% on year to INR 2,137.73 a tonne because of grade improvement. The total sales volume under such contracts, however, declined over 4% on year to 167.70 million tonnes. Fuel supply agreements are the key top-line driver for Coal India. They accounted for nearly 85% of the company's total sales volumes in the March quarter.

 

The world's largest coal miner's sales from e-auctions, which contribute substantially towards its profit, rose nearly 28% on year to 27.63 million tonnes, but the price it got at the auctions fell 2.4% on year to INR 2,907.10 per tonne. The company also sold lesser quantity of premium-priced washed coal at lower sales realisations of INR 4,695.96 per tonne. Overall, Coal India's average sales realisation per tonne went up by INR 118.92 on year to INR 2,289.58.

 

Coal India's consolidated earnings before interest, tax, depreciation, and amortisation for the March quarter were up nearly 12% on year to INR 179.17 billion, with EBITA margin at 39%, compared with 36% in March quarter a year ago.

 

The net profit from its most profitable subsidiary Northern Coalfields Ltd. rose 2% on year to INR 26.54 billion. The net profit from its largest subsidiary Mahanadi Coalfields Ltd. rose 15% on year to INR 29.82 billion. Coal India's second-largest subsidiary, South East Coalfields Ltd. reported a profit after tax of INR 22.96 billion. In the corresponding period a year ago, the subsidiary had reported a profit of INR 19.51 billion.

 

Bharat Coking Coal Ltd., reported a loss of INR 270 million for the March quarter, against a profit of INR 670 million in the year-ago period. Its mining services subsidiary, Central Mine Planning and Design Institute Ltd., reported a 32% year-on-year fall in net profit for the quarter to INR 1.88 billion. 

 

 

Due to lower demand in the reporting quarter, with coal off-take falling 2% on year to 199.14 million tonnes, Coal India was unable to reduce its pithead coal inventory that jumped 44% to 129.96 million tonnes as of Mar. 31 from 89.94 million tonnes on Dec. 31. Increased pithead stock limits the company's ability to scale up production.

 

For 2025-26 (Apr-Mar), Coal India's consolidated net profit fell to INR 310.94 billion, from INR 355.06 billion a year ago. Its revenue for FY26 was INR 1.68 trillion, down from INR 1.69 trillion a year ago. The company's consolidated EBITDA, too, fell to INR 532.76 billion from INR 571.39 billion, with EBITDA margin for FY26 at 32%, down from 34% in FY25.

 

Coal India announced the payment of INR 5.25 per share as final dividend. Monday, shares of the company closed 0.8% lower at INR 452.50 on the National Stock Exchange. The miner detailed its financial results after market hours.  End

 

Edited by Akul Nishant Akhoury

 

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