Coal India reported a 53% rise in consolidated net profit to ₹6,516 crore for the quarter ended 30 September 2026, the second quarter of FY27. The profit increase follows a ₹4,259 crore net profit in the same quarter of the previous fiscal year. Revenue from operations grew 21% to ₹44,179 crore, up from ₹36,553 crore in Q2 FY26. Operating profit, or EBITDA, jumped 29% to ₹8,499 crore, with the margin expanding to 19.24% from 18.04% year‑on‑year.

For the first half of FY27, Coal India’s net profit rose 18% to ₹15,368 crore, compared with ₹13,056 crore in H1 FY26. Revenue from operations for H1 FY27 surged 14% to ₹90,434 crore, versus ₹79,472 crore in H1 FY26. The company’s share price fell 3% to ₹380.4 on Friday, 30 October, after the earnings release, touching an intraday low and reflecting analyst concerns over e‑auction realisations, coal demand, low inventories and the FY27 dividend outlook.

HSBC analysts highlighted strong power demand, low coal inventories and rising regional coal prices as factors that could support higher e‑auction realisations for Coal India. They forecast a FY27 dividend of ₹30.9 per share and noted that stake sales in subsidiaries could lead to additional payouts. HSBC also pointed to potential listings of MCL and SECL, which could provide dividend upside but may result in a holding‑company discount.

Jefferies analysts observed that Coal India’s cash EBITDA rose 29% year‑on‑year in Q2, while PAT increased 53% and dispatch volumes grew 12%. They noted that coal inventories at power plants had declined to six days, compared with the 10‑year average of 15 days. The analysts expect a 7% compound annual growth rate in earnings per share over FY26–FY29, with a dividend yield of around 7% supporting total returns.

Morgan Stanley analysts, in a note on Friday, said strong thermal power demand and coal inventories at five‑year lows support an earnings upgrade cycle for Coal India. They noted that elevated global coal prices could lead to higher e‑auction premiums and realisations, and that the demand recovery is expected to be sustained, supported by low coal stocks at power plants and rising international coal prices.

Coal India’s board declared a second interim dividend of ₹10.25 per equity share for FY27, with a face value of ₹10 per share. The record date is 4 November 2026, and the payment will be made on or before 27 November 2026. As of 30 October 2026, the company’s market capitalisation stood at ₹2.39 lakh crore, and shares had slipped 9% over the month and 3% from the beginning of the year.