Coal India Ltd. · NSE:COALINDIA

Coal India — Q4 FY2025-26 Earnings Presentation

48 slides from Coal India's earnings presentation, Apr 27, 2026

  1. Slide 1: Cover letter to stock exchanges on investor presentation

    कोल इण्डिया लललिटे ि Coal India Limited कंपनी सचिवालय Company Secretariat Regd. Office:3rd floor, Core-2 3 तल्ला, कोर-2, प्रेमिसेस-04-एिआर,प्लॉट-ए एफ- Premises no-04-MAR, Plot no-AF-III, Action III,एक्शन एररया-1A, न्यट ू ाउन, रजरहट, कोलकाता- Area-1A, Newtown, Rajarhat,Kolkata-700156 700156, फोन-0332

  2. Slide 2: Physical and Financial Performance FY 2025-26 and Q4 2025-26

    COAL INDIA LTD Physical and Financial Performance of the financial year 2025-26 and Q4 2025-26

  3. Slide 3: Listing of BCCL & CMPDIL; Solar Plant; Inverted Tax Structure

    Listing of BCCL & CMPDIL: Subsidiary company BCCL & CMPDIL shares listed on the BSE and NSE on 19th January, 2026 & 30th March, 2026. 100 MW Solar Power Plant : 100 MW Solar Power plant at Patan was connected to grid as on 31.03.2026. Elimination of Inverted Tax Structure: Inverted tax structure eli

  4. Slide 4: New Renewable Energy Subsidiary, HURL Dividend, Thermal Power Project

    New Renewable Energy Subsidiary: Incorporation of CIL RAJASTHAN AKSHAY URJA LIMITED dtd 09.06.2025 (CIL - 74% RVUNL - 26%) Maiden Dividend from JV Company - HURL: For the 1st time, CIL received ₹404.37 Cr Dividend from HURL, (a JV company of CIL) as 1st Interim Dividend, & a Final Dividend of ₹ 95.8

  5. Slide 5: Rare Earth Element and Copper & Critical Minerals

    Rare Earth Element (REE): CIL secured Kawalapur REE Block, Maharashtra in January 2026 making foray into the critical mineral. Copper & Critical Mineral Sectors: MoU signed on 30.06.2025 with Hindustan Copper Ltd to collaborate in copper and critical minerals sectors. 4

  6. Slide 6: Coal Production, Offtake and OB Removal FY 25-26

    Coal Coal Production (MT) Offtake (MT) 2% 2% FY 25-26: 768.19 FY 25-26: 744.88 FY 24-25: 781.06 FY 24-25: 762.98 OB Removal FY 25-26: 1980.09 (M.CuM) FY 24-25: 2019.49 2% 5

  7. Slide 7: Coal Production by Subsidiary FY 25-26

    Departmental Contractual FY 25-26 Variance Subsidiary FY 24-25 0.00 with Last 100% (Actual) Target Actual Year (%) 80% ECL 59.00 52.09 52.03 0% 42.74 BCCL 46.00 35.52 40.50 -12% 60% 43.19 29.14 66.89 152.89 179.44 140.50 CCL 110.00 82.26 87.54 -6% 40% NCL 140.00 140.50 139.00 1% 20% WCL 69.00 63.04

  8. Slide 8: Coal Offtake by Subsidiary FY 25-26

    FY 25-26 Variance Mode wise OFFTAKE (745 Mill Te) Subsidiary FY 24-25 with Last (Actual) Target Actual Year (%) 511 ECL 60.00 48.33 49.76 -3% 550 500 BCCL 47.00 33.06 38.25 -14% 450 400 CCL 112.00 76.25 85.69 -11% 350 222 NCL 141.00 137.08 137.70 0% 300 250 WCL 70.00 60.00 68.56 -12% 200 150 SECL 22

  9. Slide 9: OB Removal by Subsidiary FY 25-26

    FY 25-26 Variance Departmental Contractual Subsidiary FY 24-25 with Last 100% (Actual) Target Actual Year (%) ECL 80% 158.00 192.79 187.17 3% BCCL 175.00 161.03 182.35 -12% 60% 95.98 355.71 175.29 149.88 316.58 337.60 312.96 CCL 157.00 119.35 118.35 1% 40% NCL 500.00 461.05 467.90 -1% WCL 390.00 355

  10. Slide 10: Raw Coal Stock Position as on 31-03-2026

    Raw Coal (Mil Tonne) Overall Particulars ECL BCCL CCL NCL WCL SECL MCL NEC Closing Stock as on 31-03-2026 CIL Opening Stock as on 8.24 6.71 13.58 4.64 9.98 27.19 36.80 0.02 107.16 ECL 01-04-2025 9% BCCL MCL 7% Closing Stock as on 33% 11.99 9.17 19.03 8.06 13.03 24.87 43.77 0.03 129.96 CCL 31-03-2026

  11. Slide 11: Coal Production, Offtake and OB Removal Q4 25-26

    Coal Coal Production (MT) Offtake (MT) 1% 2% Q4 25-26: 239.00 Q4 25-26: 199.14 Q4 24-25: 237.69 Q4 24-25: 202.36 OB Removal Q4 25-26: 577.44 (M.CuM) Q4 24-25: 576.44 0.2% 10

  12. Slide 12: Coal Production by Subsidiary Q4 25-26

    Departmental Contractual Q4 25-26 Variance Subsidiary Q4 24-25 100% 0.00 with Last (Actual) Target Actual Year (%) 80% ECL 20.25 18.61 18.21 2% 14.31 8.34 25.20 44.91 BCCL 60% 12.84 10.87 11.43 -5% 16.11 35.20 53.13 CCL 35.75 31.32 29.81 5% 40% NCL 34.35 35.20 34.10 3% 20% 8.66 2.53 WCL 23.90 22.96

  13. Slide 13: Coal Offtake by Subsidiary Q4 25-26

    Q4 25-26 Subsidiary Q4 24-25 Variance with Target Actual (Actual) Last Year (%) ECL 16.20 14.66 14.63 0% BCCL 13.08 7.21 9.87 -27% CCL 31.19 23.00 22.50 2% NCL 36.00 34.33 35.31 -3% WCL 20.53 16.34 19.82 -18% SECL 60.86 49.28 45.98 7% MCL 64.74 54.28 54.20 0% NEC 0.08 0.06 0.06 0% Overall CIL 242.67

  14. Slide 14: OB Removal by Subsidiary Q4 25-26

    Departmental Contractual Q4 25-26 Variance Subsidiary Q4 24-25 100% with Last (Actual) Target Actual Year (%) ECL 46.57 60.37 56.11 8% 80% BCCL 46.26 36.63 46.15 -21% 60% 96.57 30.53 92.56 54.95 34.55 CCL 43.57 36.18 29.59 22% 118.06 88.98 NCL 134.92 122.60 126.15 -3% 40% WCL 120.94 122.61 112.60 9%

  15. Slide 15: Financial Performance FY 2025-26

    FINANCIAL PERFORMANCE FY 2025 - 26

  16. Slide 16: FY 25-26 Financial Highlights

    Revenue from Operations Sale of Product Profit Before Tax Profit After Tax (₹ Crore) (₹ Crore) (₹ Crore) (₹ Crore) 0.5% 0.1% 11% 12% 1,68,400 1,69,177 1,65,186 1,65,002 47,163 31,071 35,450 41,923 FY 25-26 FY 24-25 FY 25-26 FY 24-25 FY 25-26 FY 24-25 FY 25-26 FY 24-25 EBITDA EBITDA on Revenue from N

  17. Slide 17: Revenue, Income and Profit Summary FY 25-26

    ₹ Crore Particulars FY 25-26 FY 24-25 Inc/Dec Inc/Dec% Sale of Product 1,65,186 1,65,002 184 - Sale of services & other revenues 3,214 4,175 -961 -23% Revenue from Operations 1,68,400 1,69,177 -777 - Other Income 11,276 9,472 1,804 19% Total Income 1,79,676 1,78,649 1,027 1% Expenditure 1,38,511 1,3

  18. Slide 18: Expenditure Breakdown FY 25-26

    ₹ Crore Particulars FY 25-26 FY 24-25 Inc/Dec Inc/Dec% Cost of Materials Consumed 11,171 11,247 -75 -1% Changes in inventories -2,829 -2,303 -526 23% Employee Benefits Expense 46,425 44,847 1,578 4% Finance Costs 1,216 884 332 38% Depreciation, Amortization and Impairment Expenses 10,137 9,092 1,045

  19. Slide 19: Profit Before Tax by Subsidiary FY 25-26

    ₹ Crore Subsidiary FY 25-26 FY 24-25 Inc/Dec Inc/Dec% ECL -1,257 343 -1,600 - BCCL 149 1,703 -1,554 -91% CCL 3,366 5,450 -2,084 -38% NCL 14,810 12,856 1,954 15% WCL 2,163 4,376 -2,213 -51% SECL 6,433 6,267 166 3% MCL 14,361 14,162 199 1% CMPDIL 824 882 -58 -7% CIL St (Excl. Dividend) 630 859 -229 -2

  20. Slide 20: Profit After Tax by Subsidiary FY 25-26

    ₹ Crore Subsidiary FY 25-26 FY 24-25 Inc/Dec Inc/Dec% ECL -966 236 -1,202 - BCCL 128 1,240 -1,112 -90% CCL 2,967 4,063 -1,095 -27% NCL 10,657 9,623 1,034 11% WCL 1,598 3,215 -1,617 -50% SECL 4,755 4,540 215 5% MCL 10,698 10,825 -127 -1% CMPDIL 613 667 -54 -8% CIL St (Excl. Dividend) 176 778 -602 -77

  21. Slide 21: Key Financial Ratios

    Ratios 31.03.26 31.03.25 Remarks Debt Equity Ratio 0.12 0.09 Increase Working Capital Loan Current Ratio 1.86 1.57 Increase in Deposits Quick Ratio 1.62 1.36 Increase in Deposits Return on Average Equity 30% 41% Reduction in PAT and Increase in Net Worth Return on Average Capital Employed 21% 25% Re

  22. Slide 22: Sale of Product Variance Analysis FY 25-26

    FY 25-26 FY 24-25 Inc / Dec Inc / Dec % Sale of Product (₹ Crore) 1,65,186 1,65,002 184 - FY 25-26 FY 24-25 Inc/Dec Impact (₹ Cr) Remarks 645.99 666.46 -20.47 -4090 Reduction in FSA Qty FSA Qty.(In Mill. Te) Increase in Per Tonne billing Price (In Rs./Te.) 2082.66 1997.77 84.90 5484 realisation Qty.

  23. Slide 23: Sale of Coal Excluding Other Charges FY 25-26

    Sale of Product Sale of Coal (₹ Crore) FY 25-26 FY 24-25 Inc / Dec Inc / Dec % (excl. Other charges) 1,16,880 1,20,795 -3915 -3% FY 25-26 FY 24-25 Inc/Dec Impact (₹ Cr) FSA Qty.(In Mill. Te) 645.99 666.46 -20.47 -2932 Price (In Rs./Te.) 1443.52 1432.08 11.44 739 Qty.(In Mill. Te) 83.83 79.09 4.74 11

  24. Slide 24: Sale of Services & Other Revenues FY 25-26

    ₹ Crores FY 25-26 FY 24-25 Inc / Dec Inc / Dec % Sale of services & other revenues 3,214 4,175 -961 -23% Reason of Variance  Reduction in Inflated Mileage Income (MCL) ₹ 96 Cr  Reduction in Stripping Activity Provision Reversal ₹ 917 Cr 23

  25. Slide 25: Other Income FY 25-26

    ₹ Crore FY 25-26 FY 24-25 Inc / Dec Inc / Dec % 11,276 9,472 1,804 19% Reason of Variance  Higher Interest received including Interest on Tax Refund : ₹ 883 Cr (Higher Interest on Tax Refund by ₹ 316 Cr)  Interest income receipt in BCCL on account of refund of higher tariff from DVC: ₹ 199 Cr  Pr

  26. Slide 26: Cost of Materials Consumed FY 25-26

    ₹ Crore FY 25-26 FY 24-25 Inc / Dec Inc / Dec % 11,171 11,247 -75 -1% Reason of Variance  Reduction in Explosive Expenses : ₹ 107 Crore (Reduction in Total Composite Production by 2%)  Reduction in Oil & Lubricant Expenses : ₹322 Crore  Increase in HEMM, Other Spares and Timber cost : ₹353 Crore

  27. Slide 27: Employee Benefits Expense FY 25-26

    ₹ Crore FY 25-26 FY 24-25 Inc / Dec Inc / Dec % 46,425 44,847 1,578 4% Reason of Variance  One time provision of pay scale upgradation of Executives: ₹ 1,458 Cr  Increase in other Salary & Wages : ₹ 120 Cr Reduction in Manpower : 4% (31.03.26 : 2,12,066 & 31.03.25 : 2,20,242) 26

  28. Slide 28: Finance Costs FY 25-26

    ₹ Crore FY 25-26 FY 24-25 Inc / Dec Inc / Dec % 1,216 884 333 38% Reason of Variance  Increase in Borrowing Cost (Loan of BCCL, ECL, CIL): ₹ 173 Cr  Increase in unwinding of discount (MCP revision): ₹ 160 Cr 27

  29. Slide 29: Depreciation and Amortization FY 25-26

    ₹ Crore FY 25-26 FY 24-25 Inc / Dec Inc / Dec % 10,137 9,092 1,045 11% Reason of Variance  Increase in Amortisation of Stripping Activity Assets: ₹ 404 Cr  Increase in Amortisation on Site Restoration : ₹ 134 Cr  Increase in Dep on Plant & Equipment : ₹ 183 Cr  Increase in Dep on Railway Siding/

  30. Slide 30: Contractual Expense FY 25-26

    ₹ Crore FY 25-26 FY 24-25 Inc / Dec Inc / Dec % 32,197 31,812 386 1% Reason of Variance  Increase in Outsourcing Exp for Coal and OB: ₹ 519 Cr (Increase in MDO quantity in BCCL, CCL, MCL and ECL by 8 MT in total)  Increase in Other Contractual Exp: ₹ 117 Cr (Increase in Washery Contractual Exp in

  31. Slide 31: Other Expenses FY 25-26

    ₹ Crore FY 25-26 FY 24-25 Inc / Dec Inc / Dec % 44,264 40,474 3,791 9% Reason of Variance  Increase in Rates & Taxes : ₹ 3,635 Cr (Due to increase in Jharkhand Mineral-Bearing Land Cess) 30

  32. Slide 32: Financial Performance Q4 2025-26

    FINANCIAL PERFORMANCE @Q4 2025 - 26

  33. Slide 33: Q4 25-26 Financial Highlights

    Revenue from Operations Sale of Product Profit Before Tax (₹ Crore) (₹ Crore) (₹ Crore) 46,490 5% 6% 43,962 45,523 12% 14,627 13,070 43,559 Q4 25-26 Q4 24-25 Q4 25-26 Q4 24-25 Q4 25-26 Q4 24-25 Profit After Tax EBITDA EBITDA on Revenue (₹ Crore) (₹ Crore) from Operation 12% 10,908 12% 17,917 16,040

  34. Slide 34: Revenue, Income and Profit Summary Q4 25-26

    ₹ Crore Particulars Q4 25-26 Q4 24-25 Inc/Dec Inc/Dec% Sale of Product 45,523 43,559 1,964 5% Sale of services & other revenues 967 403 564 140% Revenue from Operations 46,490 43,962 2,528 6% Other Income 5,128 3,939 1,189 30% Total Income 51,618 47,901 3,717 8% Expenditure 37,107 34,999 2,108 6% PB

  35. Slide 35: Expenditure Breakdown Q4 25-26

    ₹ Crore Particulars Q4 25-26 Q4 24-25 Inc/Dec Inc/Dec% Cost of Materials Consumed 3,516 3,481 35 1% Changes in inventories -3,596 -3,104 -492 16% Employee Benefits Expense 11,526 11,802 -276 -2% Finance Costs 344 241 103 42% Depreciation, Amortization and Impairment Expenses 2,947 2,728 219 8% Strip

  36. Slide 36: Profit Before Tax by Subsidiary Q4 25-26

    ₹ Crore Subsidiary Q4 25-26 Q4 24-25 Inc/Dec Inc/Dec% ECL -495 276 -771 - BCCL 19 64 -45 -71% CCL 1009 874 135 15% NCL 4065 3420 645 19% WCL 715 1663 -947 -57% SECL 2770 2663 107 4% MCL 4059 3514 544 15% CMPDIL 255 363 -108 -30% CIL Standalone 234 148 86 58% CIL Consolidated 14,627 13,070 1,556 12%

  37. Slide 37: Profit After Tax by Subsidiary Q4 25-26

    ₹ Crore Subsidiary Q4 25-26 Q4 24-25 Inc/Dec Inc/Dec% ECL -395 200 -595 - BCCL 27 67 -39 -59% CCL 1,281 678 603 89% NCL 2,654 2,597 57 2% WCL 557 1,189 -632 -53% SECL 2,296 1,951 345 18% MCL 2,982 2,602 380 15% CMPDIL 188 277 -89 -32% CIL Standalone -104 99 -203 -205% CIL Consolidated 10,908 9,740 1

  38. Slide 38: Sale of Product Variance Analysis Q4 25-26

    Q4 25-26 Q4 24-25 Inc / Dec Inc / Dec % Sale of Product (₹ Crore) 45,523 43,559 1,964 5% Q4 25-26 Q4 24-25 Inc/Dec Impact (₹ Cr) Remarks FSA Qty.(In Mill. Te) 167.70 175.07 -7.36 -1,492 Reduction in FSA Qty Price (In Rs./Te.) 2137.73 2026.02 111.71 1,873 Increase in Per Tonne realisation Qty.(In Mil

  39. Slide 39: Sale of Coal Excluding Other Charges Q4 25-26

    Sale of Product Sale of Coal (₹ Crore) Q4 25-26 Q4 24-25 Inc / Dec Inc / Dec % (excl. Other charges) 31,769 32,525 -756 -2% Q4 25-26 Q4 24-25 Inc/Dec Impact (₹ Cr) FSA Qty.(In Mill. Te) 167.70 175.07 -7.36 -1095 Price (In Rs./Te.) 1460.47 1486.60 -26.13 -438 Qty.(In Mill. Te) 27.63 21.63 6.00 1419 E

  40. Slide 40: Sale of Services & Other Revenues Q4 25-26

    ₹ Crores Q4 25-26 Q4 24-25 Inc / Dec Inc / Dec % Sale of services & other revenues 967 403 564 140% Reason of Variance  Increase in Stripping Activity Provision Reversal ₹ 415 Cr 39

  41. Slide 41: Cost of Materials Consumed Q4 25-26

    ₹ Crore Q4 25-26 Q4 24-25 Inc / Dec Inc / Dec % 3,516 3,481 35 1% Reason of Variance  Reduction in Explosive Expenses : ₹ 23 Cr  Reduction in Oil & Lubricant Expenses : ₹ 62 Cr  Increase in HEMM, Other Spares and Timber cost : ₹ 118 Cr 40

  42. Slide 42: Employee Benefits Expense Q4 25-26

    ₹ Crore Q4 25-26 Q4 24-25 Inc / Dec Inc / Dec % 11,526 11,802 -276 -2% Reason of Variance  Reduction in Manpower : 4% (31.03.26 : 2,12,066 & 31.03.25 : 2,20,242) 41

  43. Slide 43: Finance Costs Q4 25-26

    ₹ Crore Q4 25-26 Q4 24-25 Inc / Dec Inc / Dec % 344 241 103 42% Reason of Variance  Borrowing Cost incr. (Working Capital Loan BCCL, ECL, CIL): ₹ 51 Cr  Increase in unwinding of discount (MCP revision): ₹ 52 Cr 42

  44. Slide 44: Depreciation and Amortization Q4 25-26

    ₹ Crore Q4 25-26 Q4 24-25 Inc / Dec Inc / Dec % 2,947 2,728 219 8% Reason of Variance  Increase in Amortisation of Stripping Activity : ₹ 197 Cr 43

  45. Slide 45: Contractual Expense Q4 25-26

    ₹ Crore Q4 25-26 Q4 24-25 Inc / Dec Inc / Dec % 9,804 9,499 305 3% Reason of Variance  Increase in Outsourcing Exp & Other contractual work : ₹ 318 Cr 44

  46. Slide 46: Other Expenses Q4 25-26

    ₹ Crore Q4 25-26 Q4 24-25 Inc / Dec Inc / Dec % 12,910 10,910 2,001 18% Reason of Variance  Due to increase in Jharkhand Mineral-Bearing Land Cess from ₹ 250 - ₹450 per Tonne 45

  47. Slide 47: Subsidiary-wise Position as on 31.03.2026

    ₹ Crore As on As on Inc / (Dec) Subsidiary 31.03.2026 31.03.2025 Wrt 31.03.25 ECL 1,742 1,351 391 BCCL 2,682 1,874 808 CCL 1,426 1,778 (352) NCL 1,128 1,911 (783) WCL 3,680 3,375 305 SECL 1,778 973 805 MCL 3,538 2,464 1,074 CIL 11 11 - CIL Conso 15,985 13,737 2,248 *Before adjustment of unbilled inc

  48. Slide 48: Thank You

    Thank You

Coal India — Q4 FY2025-26 Earnings Presentation on 6ix