Coal India share price declines almost 4% on weak February production; check full details

State-owned Coal India Ltd (CIL) recorded a marginal 0.9% decline in coal production in February compared to the year-ago period. Its coal production stood at 74.1 million tonnes (MT) in February this fiscal year, down from 74.8 MT in the corresponding month of the previous fiscal year.

On Monday, Coal India shares closed at ₹360.60 apiece on NSE, shrinking 2.37%. It was one of the biggest laggard on NIFTY50 index. During the intraday trade, the scrip was trading at ₹354.85 apiece, declining 3.93% on the National Stock Exchange. It had touched its 52-week low of ₹349.25 on February 17, 2025. Its market capitalisation stood at ₹2,22,227.98 crore.

The company's production in the April-February period was 695.3 MT over 685.1 MT in the year-ago period, CIL had said in an exchange filing on March 1.

Coal India accounts for over 80% of domestic coal output.

The cumulative coal production during the April-February period was at 928.95 MT, registering an increase of 5.73% over the 878.55 MT of fossil fuel produced in the year-ago period, the coal ministry said in a statement.

The cumulative coal dispatch during the April-February period rose to 929.41 MT, registering a growth of 5.50 per cent from 880.92 MT produced in the corresponding period of the previous year, the ministry said.

"This robust performance underscores India's commitment to energy security and industrial growth, ensuring the country meets rising demand efficiently," it said.

The government continues to drive infrastructure development and operational efficiencies, sustaining this positive momentum in the coming months, it added.

Coal India had reported a 17.4% year-on-year (YoY) decline in consolidated net profit at ₹8,491.22 crore for the quarter ended December 31, 2024, on the back of lower sales.

In the corresponding period last year, it had posted a net profit of ₹10,291.71 crore.

The company’s revenue from operations stood at ₹35,779.74 crore in Q3 FY25, slumping 1.04% from ₹36,153.97 crore in the year-ago period, the company said in a regulatory filing.

During the October-December quarter of the 2024-25 fiscal year, its sales slipped to ₹32,358.98 crore, down 1.98% YoY from ₹33,011.11 crore during the same period last year.

The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) stood at ₹12,317.2 crore, declining 5.03% YoY from ₹12,970.7 crore in Q3 FY24. Its EBITDA margin contracted to 34.4% in the period under review, compared to 35.9% last year.