Coal India Limited has announced its Unaudited Financial Results for the Third Quarter and Nine Months ended December 31, 2025. The Board of Directors also declared the 3rd Interim Dividend for FY 2025-26 at ₹5.50 per equity share (55%). The record date for this dividend has been fixed as Wednesday, February 18, 2026, with payments due on or before March 13, 2026. The announcement also notes compliance updates regarding director independence and women directors.
Financial Performance Summary (Consolidated)
Coal India Limited disclosed its financial performance for the quarter and nine months ending December 31, 2025. Key consolidated figures indicate revenue from operations reached ₹34,924.19 crore for the quarter and ₹1,00,953.08 crore for the nine months ended December 31, 2025. Profit Before Tax for the quarter stood at ₹9,472.61 crore.
For the nine-month period ending December 31, 2025, the Profit for the Period was ₹20,162.79 crore, compared to ₹25,709.57 crore in the corresponding period last year. Total Comprehensive Income for the nine months was ₹19,915.04 crore.
Third Interim Dividend Declaration
The Board of Directors, based on the Audit Committee’s recommendation, approved the declaration of the 3rd Interim Dividend for Financial Year 2025-26. The dividend rate is set at ₹5.50 per equity share (based on a face value of ₹10). The company has established Wednesday, February 18, 2026, as the Record Date to determine shareholder eligibility. The payment of this dividend is mandated to be completed by March 13, 2026.
Shareholders are advised that dividends will be processed exclusively through RBI approved electronic modes; physical instruments like warrants or cheques will not be dispatched. All shareholders are urged to update their KYC details in their demat accounts to ensure direct online transfer.
Key Audit and Compliance Notes
Management Adjustments
Several significant accounting matters required emphasis in the review report:
- The Board approved the upgradation of executive pay scales across the Group, resulting in an estimated consolidated impact of ₹2,201 Crore accounted for up to December 31, 2025.
- The accounting policy related to stripping activity provision reversal continued, resulting in a net impact to the profit and loss account for the quarter of ₹1,461.60 crore adjustment (credit/reduction in expense).
Subsidiary and Joint Venture Reporting
The consolidated results incorporated the results of several entities:
- 8 subsidiaries were included based on reviews conducted by their respective independent auditors.
- The results also incorporate the share of profit from one joint venture (HURL).
- Financial information for 5 other subsidiaries and 3 joint ventures were not reviewed by their respective auditors and were relied upon based solely on management certification.
- Interim financial information for two joint operations (CBM Jharia and Raniganj) and one joint venture (ICVPL) for the period ending December 31, 2025, was not submitted by the Parent and was therefore not considered for consolidation, as management deemed them non-material to the Group.
Governance Gaps
The auditors noted two ongoing governance requirements that the Parent has yet to fulfill:
- The requirement under Regulation 17(1) mandating at least half of the board directors be independent directors remains unfulfilled, attracting potential penalties.
- Compliance with the requirement to appoint at least one woman director has not been met for subsidiaries SECL and MCL.
Standalone Performance Highlights
For the standalone entity, Profit Before Tax for the quarter was ₹4,905.32 crore, reflecting a significantly higher contribution from ‘Other Income’ (₹4,876.64 crore) compared to Revenue from Operations (₹417.13 crore). Basic EPS for the quarter stood at ₹7.91.
The standalone results also reflected the ₹119 Crore estimated impact from the executive pay scale upgradation, treated as an adjusting event after the reporting period.
Source: BSE
