Coal India Reports 57% Profit Jumps and Announces Dividend: Here's What Investors Should Know
The share of the company, which is a state-owned coal mining and refining corporation in India and is the largest coal-producing company in the world, came into focus after posting Q2 numbers.
With a market capitalization of Rs 2,37,296 crore, Coal India Ltd ’s share on Friday made a day high of Rs 398.30 per share, up by 1.2 percent from its previous close of Rs 393.50 per share. The stock of the company gave negligible return over the last year.
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Q2 Result Overview
QoQ View : Coal India’s revenue from operations declined to Rs 44,179 crore in Q2 FY27 from Rs 46,255 crore in Q1 FY27, registering a 4.5 percent decline quarter-on-quarter. EBITDA fell to Rs 8,499 crore from Rs 12,069 crore, down 29.6 percent. Net profit declined to Rs 6,547 crore from Rs 8,850 crore, while EPS stood at Rs 10.57 compared with Rs 14.36 in the previous quarter.
YoY View : The company reported revenue of Rs 44,179 crore in Q2 FY27, up 21 percent from Rs 36,553 crore in Q2 FY26. EBITDA increased to Rs 8,499 crore from Rs 6,593 crore, registering growth of 29 percent. Net profit rose to Rs 6,547 crore from Rs 4,167 crore, marking a 57 percent increase. EPS also improved to Rs 10.57 from Rs 6.91, up around 53 percent year on year.
Dividend Announcement
Along with its quarterly results, Coal India declared its second interim dividend of Rs 10.25 per equity share for FY27, equivalent to 102.5 percent of the face value of Rs 10 per share.
The company has fixed November 4, 2026, as the record date to determine eligible shareholders. The dividend payment is scheduled to be completed on or before November 27, 2026.
Subsidiary Performance
Among Coal India's subsidiaries, Mahanadi Coalfields (MCL) emerged as the largest profit contributor, reporting a PAT of Rs 2,482 crore in Q2 FY27, up 17 percent from Rs 2,125 crore in the corresponding quarter last year. Northern Coalfields (NCL), the second-largest contributor, reported a PAT of Rs 1,890 crore. However, its profit declined 29 percent from Rs 2,645 crore a year ago.
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Central Coalfields (CCL) reported a strong 187 percent increase in PAT to Rs 523 crore from Rs 182 crore. Meanwhile, Eastern Coalfields (ECL) turned profitable with a PAT of Rs 116 crore against a loss of Rs 593 crore in Q2 FY26. Bharat Coking Coal (BCCL) also moved into profit, reporting Rs 124 crore compared with a loss of Rs 53 crore in the year-ago quarter.
South Eastern Coalfields (SECL) reported a PAT of Rs 655 crore against a loss of Rs 277 crore, while Western Coalfields (WCL) posted a profit of Rs 282 crore compared with a loss of Rs 274 crore last year. CMPDIL reported a 10 percent increase in PAT to Rs 195 crore. Overall, Coal India's consolidated PAT rose 57 percent to Rs 6,547 crore in Q2 FY27.
Key Operational Highlights
Coal India produced 151.37 million tonnes of coal in Q2 FY27, compared with 145.82 million tonnes in the same quarter last year, registering growth of 4 percent. Coal offtake, which represents the quantity of coal supplied to customers, increased 12 percent to 186.34 million tonnes from 166.10 million tonnes.
The company also recorded an increase in overburden removal, which refers to the removal of soil and rock above coal deposits before mining. It stood at 352.92 million cubic metres during the quarter, compared with 349.11 million cubic metres a year ago, up 1 percent.
Coal India's e-auction volumes increased to 22.79 million tonnes from 15.13 million tonnes in Q2 FY26. The average realisation from e-auctions also improved to Rs 3,082.21 per tonne from Rs 2,973.32 per tonne. Overall, the company's average coal realisation increased 7 percent to Rs 2,346.21 per tonne, while total sales volume rose 13 percent to 186.32 million tonnes.
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Conclusion
Coal India's Q2 FY27 performance reflects higher coal sales, improved realisation and a strong recovery in the profits of several subsidiaries. However, the sequential decline in revenue and profit, along with the fall in NCL's earnings, are important points to monitor. Investors may also track production trends, coal demand and the company's ability to sustain higher realisation in the coming quarters.