Coal India Q1 FY27 Results

Coal India earned more revenue in Q1 FY27, but profit growth was almost flat because costs increased faster.

• Revenue from operations rose 7.77% to ₹46,254.80 crore.
• Profit after tax rose 0.71% to ₹8,849.81 crore.
• EBITDA remained almost flat at about ₹14,349 crore.
• Total expenditure increased about 12% to ₹36,816 crore.
• Coal production fell about 7% to 169.63 MT.
• Coal offtake increased about 4% to 197.86 MT.
• Coal inventory fell 22% from the March 2026 level.
• Coal India declared an interim dividend of ₹5.50 per share for FY27.

Last reviewed: September 2026

Coal India’s revenue grew much faster than its profit.

What this means: Coal India generated about ₹3,336 crore more revenue than a year earlier, but profit after tax increased by only about ₹62 crore.

The main reason was that expenses increased faster than revenue.

For every ₹100 of additional sales, the company therefore did not keep the same proportion as additional profit.

The securities quoted are for example purposes only and not a recommendation.

Higher expenses absorbed much of the additional revenue.

Coal India’s total expenditure increased from about ₹32,903 crore to ₹36,816 crore.

That is an increase of around: ₹3,913 crore

Major cost movements included:

Contractual expenses increased about 11%, while other expenses rose about 14%.

This helps explain why revenue growth of nearly 8% produced profit growth of less than 1%.

Coal India produced less coal but supplied more coal to customers during Q1 FY27.

*Compared with closing inventory on 31 March 2026.

MT means million tonnes.

Coal production fell by around:

183.32 MT − 169.63 MT = 13.69 MT

But coal offtake increased by:

197.86 MT − 190.96 MT = 6.90 MT

This was possible partly because Coal India supplied coal from inventory accumulated earlier.

Its coal stock fell from 130.28 MT on 31 March 2026 to 101.35 MT on 30 June 2026.

That is a reduction of 28.93 MT, or about 22%.

Coal India’s revenue grew 7.77%, but profit after tax grew only 0.71%. This means higher sales are not yet translating into equally strong profit growth.

Before judging the quarter positively, check these three things:

1. Are costs still rising faster than revenue?
   If expenses continue growing faster, profit growth can remain weak even when sales increase.
2. Does profit growth improve in the next quarter?
   One quarter can be temporary. Check whether PAT growth starts catching up with revenue growth.
3. Are margins improving or falling?
   Falling margins can show that the company is keeping less profit from every ₹100 of revenue.

For an investor, the action is simple: do not look at revenue growth alone. Compare revenue growth, profit growth, and margins together before making any conclusion about the business.

No. Good company results do not guarantee a higher share price.

Suppose Coal India reports better revenue and profit.

The share can still fall if investors expected even stronger results.

It can also fall because:

• costs rise further,
• production weakens,
• coal prices change,
• regulation changes,
• the stock was already expensive,
• future expectations become weaker.

The opposite can also happen.

A company can report weak results, but the share price may rise if investors expect conditions to improve later.

Quarterly results tell you how the business performed. They do not tell you exactly what the stock will do next.

Factors such as subdued demand and operational inefficiencies have contributed to the company's weaker performance. Moving forward, the company's ability to improve demand, enhance operational efficiency, and manage costs will be crucial for its financial recovery.

Sources:

• Coal India Limited: Q1 FY27 Investor Presentation and unaudited financial results for the quarter ended 30 June 2026, filed on 27 July 2026. 
• Coal India Limited / National Coal Portal: Current coal production and offtake data. 
• Moneycontrol: Coal India quarterly financial results, used as a secondary cross-check. 
• Economic Times EnergyWorld: Q1 FY27 revenue, profit, expenses, dividend, and record date.