Coal India reported a consolidated profit after tax (PAT) of ₹8,850 crore for the first quarter ended June 30, 2026, reflecting a 0.7% increase from ₹8,788 crore in Q1FY26. The Maharatna company’s revenue from operations grew 8% year-on-year to ₹46,255 crore, buoyed by higher e-auction volumes and improved billing realizations, even as coal production contracted by 7% to 169.63 million tonnes (MT). This divergence between falling production and rising revenue highlights the company’s ability to monetize existing inventory and leverage high-margin auction channels.

The filing was submitted to the Bombay Stock Exchange and National Stock Exchange on July 27, 2026, by Executive Director and Company Secretary B. P. Dubey under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The results are unaudited and cover both standalone and consolidated figures.

Financial Performance

Revenue from operations reached ₹46,255 crore in Q1FY27, up from ₹42,919 crore in Q1FY26. Sale of product revenue increased 7% to ₹45,135 crore. EBITDA remained flat at ₹14,349 crore compared to ₹14,348 crore in the prior year, resulting in an EBITDA margin of 31%, down from 33% in Q1FY26. Profit before tax (PBT) declined marginally by 0.5% to ₹11,719 crore from ₹11,776 crore. Tax expense decreased 4% to ₹2,870 crore from ₹2,988 crore.

Other income rose 26% to ₹2,040 crore from ₹1,616 crore, primarily due to a ₹449 crore increase in interest on deposits. Sale of services and other revenues jumped 34% to ₹1,120 crore, driven by a ₹235 crore reversal in stripping activity provisions and higher inflated mileage income of ₹60 crore.

Operational Highlights

Coal production fell 7% to 169.63 MT against a target of 190.66 MT, compared to 183.32 MT in Q1FY26. Contractual production accounted for 69% of the total output at 117.63 MT, while departmental production stood at 52.00 MT (31%). Conversely, coal offtake increased 4% to 197.86 MT from 190.96 MT, indicating drawdowns from inventory. Overall sales quantity rose 4% to 198.23 MT.

Raw coal inventory decreased 22% quarter-on-quarter to 101.35 MT as of June 30, 2026, from 130.28 MT on April 1, 2026. However, it remained 2% higher than the 98.94 MT recorded at the end of June 2025. Subsidiary-wise, Eastern Coalfields Limited (ECL) saw its PAT double to ₹377 crore, while Bharat Coking Coal Limited (BCCL) posted a loss of ₹68 crore compared to a profit of ₹177 crore in the previous year.

Cost Dynamics

Total expenditure rose 12% to ₹36,816 crore from ₹32,903 crore. Contractual expenses increased 11% to ₹8,658 crore, largely due to a ₹784 crore rise in outsourcing costs for coal and overburden removal. Material consumed costs grew 27% to ₹3,260 crore, driven by higher explosive and oil/lubricant expenses. Employee benefit expenses were stable at ₹11,023 crore, with a decrease in actuarial valuation for gratuity offset by uniform reimbursements.

Strategic Developments

Coal India marked several strategic milestones in Q1FY27. The foundation stone for India’s first commercial coal gasification project was laid on June 20, 2026, involving a ₹25,000 crore investment by BCGCL (a joint venture with BHEL). Additionally, the company recorded its first-ever revenue from energy sales, amounting to ₹5.68 crore, following the commissioning of a 100 MW solar power plant in Bhadramali, Gujarat. A further 200 MW of solar capacity was commissioned in Khavda, Gujarat, on July 8, 2026.

Coal India Limited has fixed September 4, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹5.25 per equity share for FY 2025-26. The Maharatna company’s Board of Directors recommended the payout on April 27, 2026, subject to shareholder approval at the upcoming 52nd Annual General Meeting (AGM). This distribution reinforces Coal India’s commitment to returning capital to investors, with payments to be made exclusively through RBI-approved electronic modes, marking the complete discontinuation of physical warrants, cheques, or demand drafts.

The 52nd AGM will be conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM) on August 31, 2026, at 11:00 A.M. Shareholders can participate and vote electronically through the facility available at www.evoting.nsdl.com . The meeting adheres to the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including MCA circulars dated April 8, 2020, April 13, 2020, May 5, 2020, and September 22, 2025. Participants joining via VC will be reckoned for the purpose of quorum under Section 103 of the Companies Act, 2013.

Key AGM and Dividend Details

Shareholders seeking exemption or a lower rate of Tax Deduction at Source (TDS) must submit relevant forms via the CIL Tax Portal at https://taxportal.coalindia.in or by emailing cl.tax@coalindia.in . The company emphasized that submissions made to other email IDs, portals, or the Registrar and Share Transfer Agent will not be considered. The application of beneficial tax rates depends on the completeness of the documentation and the company's review.

Digital Transition and Compliance

In compliance with SEBI’s Fifth Amendment Regulations, 2025, dated November 18, 2025, Coal India has omitted the existing provisos to Regulation 12 regarding physical dividend dispatch. Consequently, all dividends will be transferred directly to shareholders’ bank accounts. Demat account holders are instructed to update their KYC details to facilitate this online transfer. Physical mode shareholders must register their email addresses with the Registrar & Transfer Agent, Alankit Assignments Limited, by sending a signed request letter, self-attested PAN, and share certificate copy to rta@alankit.com .

The Notice of the AGM and the Integrated Annual Report for FY 2025-26 will be dispatched electronically to shareholders with registered email addresses. These documents are also available on the websites of Coal India Limited, BSE Limited, National Stock Exchange of India Limited, and NSDL. Shareholders who have not registered email addresses can generate login credentials for e-voting by following instructions in the AGM Notice.