Coal India (COALINDIA) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue from operations was ₹44,178.74 crore, up 21% YoY; PBT was ₹8,728.30 crore and PAT ₹6,547.43 crore, up 46% and 57%.

• H1 FY27 revenue was ₹90,433.54 crore, PBT ₹20,447.66 crore and PAT ₹15,397.24 crore, up 14%, 15% and 19%.

• H1 coal production declined 2% YoY to 321.00 MT, while offtake rose 8% to 384.20 MT.

• A second interim dividend of ₹10.25 per share was declared, with a 4 Nov 2026 record date and payment due by 27 Nov 2026.

Financial highlights

• Q2 sale of products rose 21% to ₹43,724 crore; other income increased 24% to ₹2,654 crore, while services and other revenue fell 5% to ₹455 crore.

• H1 EBITDA was ₹25,796 crore versus ₹23,291 crore; EBITDA margin on revenue from operations was 29% in both periods.

• H1 expenditure rose 14% to ₹75,215 crore; contractual expense increased 14% to ₹15,985 crore and other expenses rose 16% to ₹23,536 crore.

• H1 sale of products increased 14% to ₹88,859 crore, supported by higher FSA and e-auction quantities and per-tonne realizations.

Segment performance

• H1 PBT rose 55% at CCL to ₹1,814 crore, 76% at WCL to ₹1,352 crore and 54% at SECL to ₹2,911 crore; ECL returned to profit at ₹655 crore.

• H1 PBT fell 19% at NCL to ₹5,938 crore and 59% at BCCL to ₹83 crore; MCL PBT rose 7% to ₹6,575 crore.

• H1 production was 87.54 MT at MCL, 72.67 MT at SECL and 69.39 MT at NCL; NCL and MCL output fell 16% and 9% YoY.

• A 10 MTPA Lakhanpur silo was commissioned; Bhojudih washery began commercial operations, taking BCCL washing capacity to 17.35 MTPA.

• Consolidated coal segment revenue was ₹44,169.13 crore in Q2 and ₹90,418.25 crore in H1; Q2 segment profit before interest and tax was ₹8,782.43 crore.