Coal India Q4 Results: Profit rises 12% to Rs 10,908 crore; co declares Rs 5.25 dividend

Coal India reported a steady March quarter performance, with consolidated profit after tax rising 12% YoY to Rs 10,908 crore, while revenue from operations increased 6% to Rs 46,490 crore, supported by improved realizations and higher other income.

Further, the Board has declared final dividend for FY26 at Rs 5.25 per share. Payment of final dividend for FY26 will be made subject to approval of shareholders in the ensuing AGM.

Profit before tax for the quarter stood at Rs 14,627 crore, also up 12% from Rs 13,070 crore a year ago, reflecting stable operating performance despite cost pressures. Total income rose 8% to Rs 51,618 crore during the quarter.

The company’s EBITDA grew 12% to Rs 17,917 crore, with margins expanding to 39% from 36% in the year-ago period, indicating improved operating leverage.

Revenue growth was driven largely by higher realizations, even as overall sales volumes remained largely flat. Average realization per tonne increased 6% year-on-year to Rs 2,290, while total sales volume declined marginally by about 1% to 198.83 million tonnes.

On the operational side, coal production for the quarter rose slightly to 239 million tonnes compared to 238 million tonnes last year, while offtake declined 2% to 199 million tonnes, reflecting softer dispatches. Overburden removal remained largely flat at 577 million cubic metres.

Expenses increased 6% to Rs 37,107 crore during the quarter, driven by a sharp rise in other expenses and finance costs. Other expenses surged 18% YoY due to higher levies, particularly the increase in Jharkhand mineral-bearing land cess, while finance costs jumped 42%, indicating higher borrowing and cost of funds.Segment-wise, performance remained mixed across subsidiaries. Key profit contributors such as Northern Coalfields (NCL) and Mahanadi Coalfields (MCL) delivered strong growth, while Western Coalfields (WCL) and Bharat Coking Coal (BCCL) saw a decline in profitability, highlighting regional variability in operations.

For the full year FY26, Coal India reported a 12% decline in profit after tax to Rs 31,071 crore, even as revenue from operations remained broadly flat at Rs 1.68 lakh crore. The decline in annual profitability was attributed to higher expenses, including a one-time provision related to executive pay revision and increased statutory levies.