COAL INDIA LTD
Coal India Limited (CIL) is a Maharatna Central Public Sector Enterprise and the world’s largest coal-producing company. It plays a critical role in India’s energy security by supplying coal to power, steel, cement and other industries. CIL operates across major coal-bearing regions with substantial mining assets, reserves, production capacity and infrastructure. The company is diversifying into renewable energy, power generation, coal gasification, fertilisers and critical minerals, while focusing on sustainable growth and responsible mining.
Business Segments
Segment Revenue Contribution (%)
- Coal Mining & Related Operations: 100%
Coal India does not disclose separate revenue percentages for these emerging businesses. Its consolidated revenue from operations was ₹1,68,400 crore in FY2025–26, with coal-related revenue forming the overwhelming majority.
Shareholding Pattern (June 2026)
Financial Summary
| Particulars | Mar-2024 | Mar-2025 | Mar-2026 |
| Sales | 1,44,762 | 1,69,177 | 1,68,400 |
| Sales Growth % | 4.71% | 16.87% | -0.46% |
| Expenses | 96,791 | 1,26,075 | 1,31,228 |
| Operating Profit | 47,971 | 43,102 | 37,172 |
| OPM % | 33% | 25% | 22% |
| Net Profit | 37,369 | 35,450 | 31,071 |
| EPS in Rs | 60.69 | 57.61 | 50.46 |
Final Outlook
Coal India Limited enters FY2026-27 with a strong and resilient operating base. The company’s FY2025-26 annual performance demonstrated its scale and financial strength, with revenue from operations of approximately ₹1.68 lakh crore and Profit After Tax of ₹31,070.58 crore. This provides a solid foundation for the current financial year.
The Q1 FY2026-27 results were broadly stable and encouraging. Consolidated revenue from operations increased to ₹46,254.80 crore, compared with ₹42,919.20 crore in Q1 FY2025-26, representing approximately 7.8% year-on-year growth. Profit Before Tax stood at ₹11,719.36 crore, while Profit After Tax was ₹8,849.81 crore, indicating resilient profitability despite changes in the cost structure.
The annual and quarterly results highlight that coal remains the company’s primary earnings driver. In Q1 FY2026-27, the coal segment generated ₹46,249.12 crore of revenue, compared with total segment revenue of ₹46,254.80 crore. This demonstrates the continued dependence of Coal India’s financial performance on its core coal operations.
At the same time, Coal India is gradually building additional growth avenues. The company reported ₹5.68 crore of solar-energy revenue during Q1 FY2026-27. Although this contribution is currently insignificant relative to coal, the development of renewable-energy capacity can support business diversification over the longer term.
From a shareholder perspective, dividend distribution remains a key strength. The Board declared an interim dividend of ₹5.50 per equity share for FY2026-27, reinforcing the company’s focus on shareholder returns.
Overall, the combined annual and quarterly performance presents a stable-to-positive outlook. Strong FY2025-26 earnings, healthy Q1 FY2026-27 revenue growth, resilient profitability and continued dividends provide a supportive foundation. However, investors should closely monitor coal production and offtake, demand conditions, operating costs, pricing, regulatory developments and the progress of renewable-energy investments. The company’s future performance will largely depend on sustaining the strength of its core coal business while successfully developing new businesses. From an equity research perspective, Coal India offers a combination of earnings resilience, dividend visibility and long-term diversification potential, subject to valuation and sector-specific risks.
