State-owned mining corporation Coal India Limited reported a 57 percent increase in consolidated net profit to 6,547 crore rupees for the second quarter ended September 2026, according to corporate financial statements released on Thursday, October 29, 2026, reported by The Hindu and Mint. The mining enterprise posted a consolidated profit of 4,167 crore rupees during the corresponding quarter of the prior financial year. Consolidated revenue from operations rose 20.8 percent to 44,179 crore rupees, up from 36,553 crore rupees a year earlier. The company's board of directors declared a second interim dividend of 10.25 rupees per equity share of face value 10 rupees, fixing November 4 as the shareholder record date with disbursement scheduled on or before November 27.
The company reported higher coal offtake and average selling realizations alongside the increase in profit. Total coal offtake during the three-month period grew 12 percent year-on-year to 186.34 million tonnes, while raw extraction increased 4 percent to 151 million tonnes, falling short of the internal quarterly production milestone of 157.83 million tonnes. Average billing realization rose 7 percent to 2,346 rupees per tonne compared with 2,186 rupees per tonne in the previous year. Sales executed through long-term fuel supply agreements averaged 2,191 rupees per tonne, up from 2,103 rupees per tonne, generating a net financial benefit of 1,411 crore rupees.
Consolidated EBITDA for the quarter ended September 30, 2026, reached Rs 8,499 crore, marking a 28.9% increase compared to Rs 6,593 crore in the year-ago period, according to NDTV Profit.
The consolidated EBITDA margin expanded to 19.2% for the second quarter ended September 30, 2026, rising from 18% previously, according to NDTV Profit.
The results also showed increases in other income and several cost categories. Other income, primarily reflecting interest accrued on institutional cash balances, advanced 24 percent to 2,654 crore rupees. Total operating expenditures increased 17 percent to 38,398 crore rupees, reflecting higher procurement expenses for operational consumables. Employee benefits rose 8 percent to 11,777 crore rupees, contractual spending grew 18 percent to 7,326 crore rupees, and statutory royalty and tax expenses paid to state administrations advanced 18 percent to 11,878 crore rupees. During the initial half of the fiscal cycle, the public sector miner deployed capital expenditure amounting to 7,965.67 crore rupees.
Alongside quarterly earnings disclosures, Coal India highlighted ongoing corporate diversification and industrial modernization initiatives. During the initial half of the financial year, the company established a wholly owned overseas entity in Singapore designated CIL Global Pte Ltd, mandated to pursue strategic investments in foreign critical mineral assets. Furthermore, the company described progress on an Odisha coal gasification venture with Bharat Heavy Electricals Limited, with investment reported at around 25,000 crore rupees, following groundbreaking ceremonies conducted by Prime Minister Narendra Modi.
