Coal India Limited Earnings Summary — Q4 FY2026
Coal India Reports Quarterly Net Profit of ₹10,808 Cr Amid Pay Scale Revisions and Operational Restatements
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 0.5% sequentially in Q1 FY2027.
- Revenue of ₹46,255 Cr is 7.8% higher year-on-year.
- Revenue has compounded at 8.9% annualised over the last 10 quarters.
- Net profit of ₹8,852 Cr is 0.6% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 1.4% annualised across the period.
- Operating margin stands at 26.1% in Q1 FY2027.
- Operating margin compressed by 324 bps year-on-year.
- Over the last two years operating margin has contracted by 1323 bps.
- PBT margin is 25.3%.
- Expenses grew 12.7% against revenue growth of 7.8%.
- Operating profit of ₹12,069 Cr is 4.1% lower year-on-year.
- Operating leverage has been under pressure recently.
- 3 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 47/100 (Moderate) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Accelerating | 46,255 | 46,490 | 34,924 | 30,187 | 42,919 | 37,825 | 36,859 | 31,182 | 36,465 | 38,213 |
| Expenses | Accelerating | 34,186 | 33,817 | 25,593 | 23,471 | 30,331 | 26,034 | 24,541 | 22,565 | 22,126 | 26,826 |
| Operating Profit | Accelerating | 12,069 | 12,673 | 9,331 | 6,716 | 12,588 | 11,790 | 12,317 | 8,617 | 14,339 | 11,388 |
| Operating Margin | Stable | 26.1% | 27.3% | 26.7% | 22.3% | 29.3% | 31.2% | 33.4% | 27.6% | 39.3% | 29.8% |
| Other Income | Volatile | 2,281 | 5,244 | 2,680 | 2,350 | 1,760 | 4,106 | 2,214 | 1,642 | 1,970 | 2,319 |
| Interest | Improving | 327 | 344 | 321 | 287 | 265 | 241 | 226 | 208 | 209 | 232 |
| Depreciation | Improving | 2,303 | 2,947 | 2,218 | 2,664 | 2,307 | 2,782 | 2,513 | 1,898 | 1,952 | 1,892 |
| Profit Before Tax | Accelerating | 11,719 | 14,627 | 9,473 | 6,115 | 11,776 | 12,873 | 11,792 | 8,153 | 14,147 | 11,582 |
| Tax | Accelerating | 2,870 | 3,719 | 2,307 | 1,852 | 2,988 | 3,281 | 3,301 | 1,879 | 3,204 | 3,051 |
| Net Profit | Accelerating | 8,852 | 10,839 | 7,157 | 4,354 | 8,797 | 9,604 | 8,506 | 6,289 | 10,959 | 8,572 |
| Net Margin | Accelerating | 19.1% | 23.3% | 20.5% | 14.4% | 20.5% | 25.4% | 23.1% | 20.2% | 30.1% | 22.4% |
Key Takeaways
- Consolidated Net Profit for Q4 FY2026 rose to ₹10,807.79 Crore, up from ₹9,740.15 Crore in the same period last year.
- Total Income for the quarter stood at ₹51,617.75 Crore, driven by both operational revenue and a significant jump in other income to ₹5,127.72 Crore.
- The Board has recommended a Final Dividend of ₹5.25 per equity share for FY 2025-26, subject to shareholder approval.
- Significant one-time impact: A provision of ₹1,457.90 Crore was recognized for the upgradation of executive pay scales following a High Court order.
- Accounting policy changes: The company restated financials following a reassessment of coal production levies, moving from an agency capacity to a principal capacity model.
- Inventory draw-down: Finished goods inventory decreased by ₹3,596.50 Crore during the quarter, indicating strong demand and dispatch cycles.
- Operational Risk: Auditor notes highlight impairment charges of ₹608.81 Crore at South Eastern Coalfields (SECL) due to mining prohibitions in Eco-Sensitive Zones.
- Subsidiary performance remains a key driver, with 9 audited subsidiaries contributing ₹9,585.06 Crore to the quarterly net profit.
Management Guidance
Management focus remains on the 'Coal Vision 1 Billion Tonne' target to ensure national energy security while optimizing logistics through First Mile Connectivity projects.
Sentiment Shift
Improving
Despite higher employee costs due to pay revisions, the strong rise in net profit and effective inventory management demonstrate robust operational leverage.
Outlook
The outlook remains solid due to rising domestic thermal power demand, though terminal value concerns persist regarding long-term ESG constraints and the shift toward renewables.
From the Annual Report (Key Quotes)
“The Audited financial results were reviewed by the Audit Committee held on date and have been taken on record by the Board of Directors.”
“CIL will be paying dividend through RBI approved electronic modes only and no physical dividend such as warrant, cheques, demand draft etc. will be despatched.”
“In absence of requisite number of independent directors at Parent, composition of Board of Directors... have not been in the compliance of the provisions.”
Official Quarterly Documents
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This summary is AI-generated from Coal India Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.