Shares of state-owned Coal India fell over 4 percent on Friday, October 30, despite the company reporting healthy earnings in the second quarter of the financial year 2026-27. While revenue growth remained strong in the reporting quarter, higher operating costs and weaker-than-expected EBITDA weighed on investor sentiment, prompting brokerages to flag concerns over near-term profitability.
Coal India shares opened at Rs 398.30 and declined 4.4 percent to touch an intra-day low of Rs 380.70, on the BSE. At close, Coal India shares settled 1.03 percent lower at Rs 389.45, against the previous close of Rs 393.50.
Coal India posted a 57 percent year-on-year (YoY) increase in consolidated net profit to Rs 6,547 crore for the September quarter, aided by higher revenues from product sales. It stood at Rs 4,167 crore in the year-ago period.
Consolidated revenue from operations rose 20.8 per cent to Rs 44,179 crore in the second quarter. Total income also increased 21 percent YoY to Rs 46,833 crore in Q2 FY27 from Rs 38,694 crore in the same quarter the previous financial year.
CIL registered a capex of Rs 7,965.67 crore in the first half of the ongoing financial year, reflecting continued focus on investment and growth initiatives.