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  5. Coal India shares drop 3% post Q2 results as analysts flag e-auction realisations, dividend and earnings outlook

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Coal India shares drop 3% post Q2 results as analysts flag e-auction realisations, dividend and earnings outlook

image Ahana Chatterjee
By Ahana Chatterjee

4 min read | Updated on October 30, 2026, 12:01 IST

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SUMMARY

The state-owned firm reported an increase of 53% in its consolidated net profit at ₹6,516 crore for the quarter ended September 30, 2026, of financial year 2026-27 (Q2 FY27).

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COALINDIA
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Coal-India-share-price-Oct-30

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. Image: Shutterstock

Coal India shares drop 3% to touch an intraday low of ₹380.4 apiece on Friday, October 30, after second quarter earnings as analysts flag e-auction realisations, coal demand, low inventories and FY27 dividend outlook.
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The state-owned firm reported an increase of 53% in its consolidated net profit at ₹6,516 crore for the quarter ended September 30, 2026, of financial year 2026-27 (Q2 FY27). Its net profit attributable to the owners for the same quarter in the last fiscal year was at ₹4,259 crore.

The company’s revenue from operations for Q2 FY27 grew 21% to ₹44,179 crore as against ₹36,553 crore reported in the corresponding quarter last fiscal year.

Its operating profit, also known as earnings before interest, tax, depreciation, and amortisation (EBITDA), jumped 29% to ₹8,499 crore for Q2 FY27 as compared to ₹6,593 crore in Q2 FY26. The margin for the quarter under review expanded to 19.24% in contrast to 18.04% year-on-year (YoY).

For half a year (H1 FY27), Coal India’s net profit jumped to ₹15,368 crore as compared to ₹13,056 crore on a YoY basis, marking a growth of 18%. Its revenue from operations for H1 FY27 surged 14% to ₹90,434 crore as against ₹79,472 crore in H1 FY26.

Here’s what analysts said

Analysts from HSBC said strong power demand, low coal inventories and rising regional coal prices could support higher e-auction realisations for Coal India. They forecast a dividend of ₹30.9 per share for FY27 and noted that stake sales in subsidiaries could lead to additional payouts.

The analysts also highlighted the potential listings of MCL and SECL, which could provide dividend upside but may result in a holding-company discount.

Jefferies analysts noted that Coal India’s cash EBITDA rose 29% YoY in Q2, while PAT increased 53% and dispatch volumes grew 12%. They highlighted that coal inventories at power plants had declined to six days, compared with the 10-year average of 15 days.
Also read: Suzlon Energy shares hit 52-week low as management revises EBITDA margin guidance for FY27; check all Q2 numbers

The analysts expect Coal India to deliver a 7% compound annual growth rate (CAGR) in earnings per share (EPS) over FY26–FY29 and noted that its dividend yield of around 7% supports total returns.

In a note on Friday, Morgan Stanley analysts 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. The analysts also expect the demand recovery to be sustained, supported by low coal stocks at power plants and rising international coal prices.

Announces second interim dividend for FY27

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 company has fixed November 4, 2026, as the record date to determine shareholder eligibility for the dividend. The payment will be made on or before November 27, 2026.

Coal India share price trends

At 11:52 AM, Coal India shares were trading at ₹387.6 apiece on the National Stock Exchange, falling 1.4%.

Shares of the firm have slipped 9% over a month, while they have fallen 3% from the beginning of the year.

Also read: Jio Platforms shares lost 2.4% intraday ahead of Q2 results FY27; key factors investors need to track

Shares of the company had touched their one-year high of ₹491.25 apiece on April 30, 2026, while their 52-week low of ₹369.60 was hit on November 25, 2025.

As of October 30, 2026, Coal India has a market capitalisation of ₹2.39 lakh crore, NSE data showed.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

image Ahana Chatterjee
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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