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What is the story about?
Coal India reported a mixed set of numbers for the quarter ended December, with profit coming in above estimates even as revenue and operating performance declined year-on-year.
Net profit stood at ₹7,166 crore, higher than the CNBC-TV18 poll estimate of ₹6,825 crore. Revenue came in at ₹34,924 crore, ahead of the ₹33,288 crore estimate. However, EBITDA at ₹9,331 crore missed expectations of ₹9,997 crore, with margins at 26.7% versus the estimated 30%.
On a year-on-year basis, net profit fell 15.6% from ₹8,491 crore, while revenue declined 5.2% from ₹36,858 crore. EBITDA dropped 24.2% from ₹12,317 crore, and margins narrowed from 33.4% to 26.7%.
The board declared a third interim dividend of ₹5.50 per equity share for FY26. February 18, 2026 has been fixed as the record date, with payment scheduled on or before March 13.
Strategic developments
During the quarter, subsidiary BCCL was listed on the BSE and NSE on January 19, 2026. The company also benefited from the elimination of the inverted tax structure following the increase in GST on coal from 5% to 18%, enabling utilisation of accumulated input tax credit worth ₹2,634 crore in Q3.
Coal India signed a 50:50 joint venture agreement with DVC to develop a 1,600 MW brownfield thermal power project in Jharkhand. It also secured the Kawalapur Rare Earth Element block in Maharashtra, marking its entry into critical minerals.
Also read: Hindalco Q3 Results: India business shines; Novelis disruption weighs on performance
Additionally, the company received ₹404.37 crore as maiden interim dividend from HURL and signed MoUs in copper and renewable energy, including a 500 MW solar project in Uttar Pradesh and incorporation of a new renewable subsidiary in Rajasthan.
Shares of Coal India closed at ₹419.20 on the NSE ahead of the earnings announcement.
Net profit stood at ₹7,166 crore, higher than the CNBC-TV18 poll estimate of ₹6,825 crore. Revenue came in at ₹34,924 crore, ahead of the ₹33,288 crore estimate. However, EBITDA at ₹9,331 crore missed expectations of ₹9,997 crore, with margins at 26.7% versus the estimated 30%.
On a year-on-year basis, net profit fell 15.6% from ₹8,491 crore, while revenue declined 5.2% from ₹36,858 crore. EBITDA dropped 24.2% from ₹12,317 crore, and margins narrowed from 33.4% to 26.7%.
The board declared a third interim dividend of ₹5.50 per equity share for FY26. February 18, 2026 has been fixed as the record date, with payment scheduled on or before March 13.
Strategic developments
During the quarter, subsidiary BCCL was listed on the BSE and NSE on January 19, 2026. The company also benefited from the elimination of the inverted tax structure following the increase in GST on coal from 5% to 18%, enabling utilisation of accumulated input tax credit worth ₹2,634 crore in Q3.
Coal India signed a 50:50 joint venture agreement with DVC to develop a 1,600 MW brownfield thermal power project in Jharkhand. It also secured the Kawalapur Rare Earth Element block in Maharashtra, marking its entry into critical minerals.
Also read: Hindalco Q3 Results: India business shines; Novelis disruption weighs on performance
Additionally, the company received ₹404.37 crore as maiden interim dividend from HURL and signed MoUs in copper and renewable energy, including a 500 MW solar project in Uttar Pradesh and incorporation of a new renewable subsidiary in Rajasthan.
Shares of Coal India closed at ₹419.20 on the NSE ahead of the earnings announcement.
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