Coal India, the world’s largest coal miner, announced its financial performance for the December-ending quarter today, February 12, post market hours, reporting a consolidated net profit of ₹7,165 crore, lower than ₹8,491 crore reported in the same period last year.
The figure also came in lower than analysts’ estimates of ₹7,200 crore, impacted by weaker sales, higher operating costs and weak realisations. Sequentially, the net profit has improved by 68%, as the state-owned company posted ₹4,264 crore during the September quarter.
Its consolidated revenue from operations during the quarter under review also fell by 4.7% to ₹30,818 crore but improved by 14.5% on a QoQ basis. In the year-ago quarter, the revenue stood at ₹Rs 32,359 crore.
The EBITDA declined to ₹10,285 crore from ₹13,753 crore in the year-ago quarter, with margins narrowing to 29.44%, an 800-basis-point reduction.
Among its eight subsidiaries, four reported a rise in net profit, with Mahanadi Coalfields Limited posting a 23% YoY jump to ₹3,143 crore, as per the earnings report.
Coal production remains weak
Coal India’s physical performance in Q3 FY2025–26 showed a marginal decline across key operational metrics compared to the same quarter last year.
Its production stood at 200.05 million tonnes (MT), down 1% from 202.02 MT in Q3 FY2024–25. Coal offtake also fell 3% year-on-year to 188.66 MT, compared with 194.53 MT in the corresponding quarter of the previous fiscal.
For 9MFY26, too, coal production dropped 3% to 529 million tonnes, coming in below the target of 605.38 million tonnes.
The miner’s average realization from e-auction sales stood at ₹2,434.56 per ton, lower than the ₹2,684.79 per ton in the year-ago period, while the overall average price realization of coal supplied during the quarter fell by ₹29 from a year ago to ₹Rs 1,638 per tonne.
