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13 Feb 2026 13:28
Coal India
NP down 15.85% YoY to Rs 7157.45 crore in 9MFY2026
On consolidated basis

Quarter ended December 2025 compared with Quarter ended December 2024.

Net sales (including other operating income) of Coal India has declined 5.25% to Rs 34924.19 crore.  

Operating profit margin has declined from 33.42% to 26.72%, leading to 24.24% decline in operating profit to Rs 9,331.26 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 7.68% to 7.87%.   Employee cost increased from 28.98% to 37.10%.   Other expenses fell from 30.45% to 28.85%.   Expenses from contract rose from 22.70% to 23.50%.   Other direct service cost rose from 2.23% to 4.10%.   

Other income rose 11.59% to Rs 2391.64 crore.  PBIDT fell 18.93% to Rs 11722.9 crore.  Provision for interest rose 42.21% to Rs 320.73 crore.  

PBDT fell 19.90% to Rs 11402.17 crore.  Provision for depreciation fell 11.74% to Rs 2218.34 crore.  

Profit before tax down 21.65% to Rs 9,183.83 crore.  Share of profit/loss was 306.79% higher at Rs 288.78 crore.  Provision for tax was expense of Rs 2306.63 crore, compared to Rs 3301.2 crore.  Effective tax rate was 24.35% compared to 27.99%.

Net profit attributable to owners of the company decreased 15.85% to Rs 7,157.45 crore.  

Promoters’ stake was 63.13% as of 31 December 2025 ,compared to 63.13% as of 31 December 2024 .  

 Year-to-date (YTD) results analysis.

Net sales (including other operating income) of Coal India has declined 4.35% to Rs 100953.08 crore.  

Operating profit margin has declined from 33.42% to 28.30%, leading to 19.01% decline in operating profit to Rs 28,568.83 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 7.41% to 7.64%.   Employee cost increased from 31.55% to 34.83%.   Other expenses rose from 27.36% to 29.01%.   Expenses from contract rose from 21.30% to 22.35%.   Other direct service cost rose from 3.38% to 3.72%.   

Other income rose 11.12% to Rs 6147.96 crore.  PBIDT fell 14.92% to Rs 34716.79 crore.  Provision for interest rose 35.83% to Rs 872.71 crore.  

PBDT fell 15.73% to Rs 33844.08 crore.  Provision for depreciation rose 12.98% to Rs 7190.02 crore.  

Profit before tax down 21.14% to Rs 26,654.06 crore.  Share of profit/loss was 118.81% higher at Rs 642.28 crore.  Provision for tax was expense of Rs 7133.55 crore, compared to Rs 8383.43 crore.  Effective tax rate was 26.13% compared to 24.59%.

Minority interest decreased 107.13% to Rs -92.32 crore.  Net profit attributable to owners of the company decreased 21.35% to Rs 20,255.11 crore.  

Promoters’ stake was 63.13% as of 31 December 2025 ,compared to 63.13% as of 31 December 2024 .  


Full year results analysis.

Net sales (including other operating income) of Coal India has declined 0.96% to Rs 143368.92 crore.  

Operating profit margin has declined from 33.14% to 32.83%, leading to 1.89% decline in operating profit to Rs 47,063.01 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 7.92% to 7.72%.   Employee cost decreased from 33.35% to 30.79%.   Other expenses rose from 25.94% to 29.19%.   Expenses from contract rose from 18.76% to 21.84%.   Other direct service cost rose from 2.53% to 2.82%.   

Other income rose 18.84% to Rs 9470.06 crore.  PBIDT rose 1.06% to Rs 56533.07 crore.  Provision for interest rose 7.85% to Rs 883.65 crore.  Loan funds rose to Rs 9,145.73 crore as of 31 March 2025 from Rs 6,523.03 crore as of 31 March 2024.  Inventories rose to Rs 12,613.70 crore as of 31 March 2025 from Rs 10,177.23 crore as of 31 March 2024.  Sundry debtors were lower at Rs 12,727.72 crore as of 31 March 2025 compared to Rs 13,255.75 crore as of 31 March 2024.  Cash and bank balance rose to Rs 34,215.31 crore as of 31 March 2025 from Rs 30,235.17 crore as of 31 March 2024.  Investments rose to Rs 7,591.33 crore as of 31 March 2025 from Rs 7,110.41 crore as of 31 March 2024 .  

PBDT rose 0.96% to Rs 55649.42 crore.  Provision for depreciation rose 35.78% to Rs 9145.49 crore.  Fixed assets increased to Rs 92,528.49 crore as of 31 March 2025 from Rs 82,639.07 crore as of 31 March 2024.  Intangible assets declined from Rs 11,989.43 crore to Rs 9,076.16 crore.  

Profit before tax down 3.89% to Rs 46,503.93 crore.  Share of profit/loss was 8.30% higher at Rs 462.26 crore.  Provision for tax was expense of Rs 11664.09 crore, compared to Rs 11443.48 crore.  Effective tax rate was 24.84% compared to 23.44%.

Minority interest decreased 69.06% to Rs -56.06 crore.  Net profit attributable to owners of the company decreased 5.47% to Rs 35,358.16 crore.  

Equity capital stood at Rs 6,162.73 crore as of 31 March 2025 to Rs 6,162.73 crore as of 31 March 2024.  Per share face Value remained same at Rs 10.00.  

Promoters’ stake was 63.13% as of 31 March 2025 ,compared to 63.13% as of 31 March 2024 .  

Cash flow from operating activities increased to Rs 29,199.66 crore for year ended March 2025 from Rs 18,103.10 crore for year ended March 2024.  Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 12,803.58 crore, compared to Rs 16,379.95 crore during the year ended March 2024.  

 

Operational highlights:

Coal production for 9MFY2026 down 3% yoy at 529.19 MT.

Coal off take for 9MFY2026 down 3% yoy and stood at 545.74 MT.

Dividend: The board of directors have approved 3rd interim dividend of Rs 5.5 per equity share.

Coal India : Consolidated Results
 Quarter endedYear to DateYear ended
Particulars202512202412Var.(%)202512202412Var.(%)202503202403Var.(%)
Net Sales (including other operating income)34,924.1936,858.62-5.25100,953.08105,544.38-4.35143,368.92144,762.42-0.96
OPM (%)26.7233.42-670 bps28.3033.42-512 bps32.8333.14-31 bps
OP9,331.2612,317.24-24.2428,568.8335,272.86-19.0147,063.0147,971.49-1.89
Other Inc.2,391.642,143.2011.596,147.965,532.8411.129,470.067,969.0818.84
PBIDT11,722.9014,460.44-18.9334,716.7940,805.70-14.9256,533.0755,940.571.06
Interest320.73225.5442.21872.71642.5135.83883.65819.377.85
PBDT11,402.1714,234.90-19.9033,844.0840,163.19-15.7355,649.4255,121.200.96
Depreciation2218.342513.47-11.747190.026363.7212.989145.496735.4235.78
PBT9,183.8311,721.43-21.6526654.0633799.47-21.1446503.9348385.78-3.89
Share of Profit/(Loss) from Associates288.7870.99306.79642.28293.53118.81462.26426.838.30
PBT before EO9472.6111792.42-19.6727296.3434093-19.9446966.1948812.61-3.78
EO Income00-00-00-
PBT after EO9472.6111792.42-19.6727296.3434093-19.9446966.1948812.61-3.78
Taxation2306.633301.2-30.137133.558383.43-14.9111664.0911443.481.93
PAT7165.988491.22-15.6120162.7925709.57-21.5735302.137369.13-5.53
Minority Interest (MI)8.53-14.35PL-92.32-44.57-107.13-56.06-33.16-69.06
Net profit7157.458505.57-15.8520255.1125754.14-21.3535358.1637402.29-5.47
P/(L) from discontinued operations net of tax00-00-00-
Net profit after discontinued operations7157.458505.57-15.8520255.1125754.14-21.3535358.1637402.29-5.47
EPS (Rs)*11.6113.80-15.8532.8741.79-21.3557.3760.69-5.47
* EPS is on current equity of Rs 6,162.73 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database


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