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Informist, Thursday, Feb. 12, 2026

 

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--Coal India Oct-Dec consol net profit INR 71.57 bln 
--Analysts saw Coal India Oct-Dec consol net profit at INR 62.87 bln 
--Coal India Oct-Dec consol revenue INR 349.24 bln 
--Analysts saw Coal India Oct-Dec consol revenue at INR 321.59 bln 
--Coal India Oct-Dec consol PAT INR 71.57 bln vs INR 85.06 bln yr ago 
--Coal India Oct-Dec consol revenue INR 349.24 bln vs INR 368.59 bln yr ago 
--Coal India Apr-Dec consol PAT INR 202.55 bln vs INR 257.54 bln yr ago 
--Coal India to pay INR 5.50 per share interim dividend 
--Coal India interim dividend record date Feb 18 
--Coal India Apr-Dec consol revenue INR 1.01 tln vs INR 1.06 tln yr ago 
--Coal India Oct-Dec consol EBITDA INR 102.85 bln vs INR 137.53 bln yr ago 
--Coal India Oct-Dec consol EBITDA margin 33% vs 43% year ago 
--Coal India Q3 sales volume in e-auction 19.52 mln tn vs 19.25 mln tn 
--Coal India Q3 sales avg realisation per tn INR 1,638 vs INR 1,667 yr ago 
--Coal India Apr-Dec consol EBITDA INR 312.96 bln vs INR 383.49 bln yr ago 

 

By Arya S. Biju

 

MUMBAI – Coal India Ltd. reported an on-year fall in both its net profit and revenue for the December quarter because of subdued demand for coal following the extended monsoon across the country last year. The company's bottom line for the quarter was also affected by higher employee benefit expenses on account of wage hikes. The key metrics were, however, not as bad as the Street had feared. 

 

The world's largest coal miner by production and sales volume reported a consolidated net profit of INR 71.57 billion for the December quarter, down around 16% on year. The net profit was, however, much better than the INR 62.87 billion estimated by the Street. On a sequential basis, the company's bottom line jumped over 64%. 

 

The company's consolidated revenue fell over 5% on year but rose nearly 16% sequentially to INR 349.24 billion. This was also way higher than the INR 321.59 billion revenue estimated by the Street. This marks the third straight quarter of on-year fall in the company's bottom line and fourth straight quarter of an on-year fall in its top line.

 

The company's total expenditure for the reporting quarter grew over 3% on year to INR 281.32 billion. This was mainly on the back of a near-22% on-year rise in employee benefits expenses to INR 132.20 billion, which included a cost of INR 22.01 billion on account of upgradation of salaries of executives up to the mid-level, across the Coal India group, payable with effect from Aug. 23, 2023.

 

Among other major expenses of the company, contractual expenses and raw material costs fell around 2% on year each to INR 83.73 billion and INR 28.05 billion, respectively. Its other expenses for the quarter fell nearly 10% on year to INR 33.69 billion and its depreciation expense fell nearly 12% on year to INR 22.18 billion. 

 

The overall sales volumes of Coal India and its subsidiaries fell 3% on year to 188.66 million tonnes in the December quarter, the company said in a post-earnings presentation. The overall coal production for the quarter also fell 1% on year to 200.05 million tonnes. Coal India's overall average sales realisation per tonne fell 2% on year to INR 1,638 in the December quarter.

 

Coal India's sales realisation per tonne from long-term supply contracts, or fuel supply agreements, improved around 5% on year to INR 1,504.60. The total sales volume under such contracts, however, declined over 3% on year to 165.14 million tonnes. The coal miner's sales from e-auction rose just over 1% on year to 19.52 million tonnes while the price realisation from the auctions fell over 9% on year to INR 2,434.56 per tonne. The company also saw reduced sales in its premium-priced washed coal, which fell around 15% on year to 3.52 million tonnes with lower price realisations of INR 3,437.51 per tonne, down nearly 7% on year.

 

Coal India's consolidated earnings before interest, tax, depreciation, and amortisation for the reporting quarter declined 25% on year to INR 102.85 billion. Its consolidated EBITDA margin for the quarter also contracted 10% on year to 33%. 

 

The net profit from Coal India's largest subsidiary, Mahanadi Coalfields Ltd., rose 23% on year to INR 31.43 billion. This was followed by Northern Coalfields Ltd., which reported a net profit of INR 26.72 billion, up 23% on year. Coal India's second-largest subsidiary, South Eastern Coalfields Ltd.'s net profit also rose 23% on year to INR 13.34 billion for the December quarter. For the trailing quarter, South Eastern Coalfields had reported a net loss of INR 2.78 billion. 

 

The company's recently listed subsidiary, Bharat Coking Coal Ltd., reported a net loss of INR 228.8 million for the December quarter against a net profit of INR 4.25 billion a year ago. Coal India's mining services subsidiary, Central Mine Planning and Design Institute Ltd., which is also headed for a listing on the exchanges, reported a 22% year-on-year rise in net profit to INR 1.73 billion.

 

For the nine months ended Dec. 31, Coal India reported a consolidated net profit of 202.55 billion, down over 21% on year. Its revenue for the period fell over 4% to INR 1.01 trillion. Its consolidated EBITDA for Apr-Dec declined 18% to INR 312.96 billion. 

 

Coal India announced its December quarter earnings after market hours Thursday. Along with the quarterly earnings, the company announced an interim dividend of INR 5.50 per share, with Feb. 18 as the record date. Ahead of the earnings, the stock closed nearly 1% lower at INR 419.15 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

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