Coal India Q3 Results: Net profit down 16% YoY to ₹7,166 crore; declares interim dividend of ₹5.5 per share

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 realizations. 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 ₹32,359 crore.

The operating expenses during the quarter rose to ₹28,132 crore, from ₹27,280 crore. The increase was largely driven by the approval of executive pay scale upgrades across the Coal India Group, following a January 7, 2026, order by the Hon’ble High Court of Jabalpur, the company said in its earnings' filing.

Meanwhile, 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 company's target of 605.38 million tonnes.

The miner's average realisation from e-auction sales stood at ₹2,434.56 per tonne, lower than the ₹2,684.79 per tonne in the year-ago period, while the overall average price realisation of coal supplied during the quarter fell by ₹29 from a year ago to ₹1,638 per tonne, its earnings' filing showed.

Announces third interim dividend

Along with its December quarter results, the Maharatna company announced a third interim dividend of ₹5.50 per share of face value ₹10 each for the financial year 2025–26.

The company has also set Wednesday, February 18, as the record date to determine the eligibility of shareholders for the dividend payout. The dividend will be paid on or before Friday, March 13.

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