Coal India Q2 Results FY27: Profit Rs 6,516 Cr, Rs 10.25 Dividend

Earnings · Coal India

Coal India reported its September quarter on 29 October 2026. Here is what the filing figures show, how they compare with the base and the estimate, and when to own the shares to get the Rs 10.25 dividend.

Updated: Friday, 30 October 2026, 3:55 PM IST  |  Reading time: 17 min  |  Next update: Wednesday, 4 November 2026, dividend record date

In plain words: Coal India mines most of India’s coal. Profit rose by half on a weak year-ago quarter, and the company is paying shareholders Rs 10.25 for each share held on the record date.

Data note: as of 30 October 2026, 3:55 PM IST. Figures are from results-day reports of Coal India’s exchange filing; I have not opened the filing itself. Correction: the 28 October preview showed Q2 FY26 revenue of Rs 30,186.7 crore and profit of Rs 4,354.24 crore; results-day reports compare with Rs 36,553 crore and Rs 4,259 crore. The reason for the change (restatement or a different line) is not confirmed. The preview’s base figures should not be used.

What did Coal India report in the Q2 results FY27?

Coal India reported Q2 FY27 consolidated profit of Rs 6,516 crore, up 53%, on revenue from operations of Rs 44,179 crore, up 20.9%, for the quarter ended 30 September 2026.

Cite this table: PositionalCalls, “Coal India Q2 FY27 Results Table, as of 30 October 2026”.

The year-on-year jump is large because the year-ago quarter was weak. Heavy rain cut output and dispatch in September 2025. A smaller fall from Q1 this year (revenue −4.5%) fits a quarter with fewer disruptions, though the profit fall of 26.4% from Q1 is still sharp. As usual for a seasonal business, the year-on-year comparison is the fair one.

Why do Coal India Q2 FY27 profit and EBITDA figures differ across reports?

Different reports use different lines: profit appears as Rs 6,516 crore (+53%) and Rs 6,547 crore (+57%), and EBITDA as Rs 8,499 crore and Rs 11,447 crore, so always name the line when you compare.

Cite this table: PositionalCalls, “Coal India Q2 FY27 Definitions Table, as of 30 October 2026”.

The margins above are my own division of EBITDA by Rs 44,179 crore. They show how far the two EBITDA lines sit apart. One news site reports that margin expanded to 26% from 24%, which matches the larger EBITDA; another says operating profit is Rs 8,499 crore. Neither is wrong; they measure different things. When a headline says “margin”, ask which EBITDA it uses.

Did Coal India beat estimates in Q2 FY27?

No, on the one estimate on record: profit of Rs 6,516 crore is 1.9% below Rs 6,639 crore, and Rs 6,547 crore would be 1.4% below (my calculations); one outlet also says EBITDA and margin missed.

Cite this table: PositionalCalls, “Coal India Estimate Versus Actual Table, as of 30 October 2026”.

A miss of under 2 percent is small. The estimate was one source, not a consensus, and it excluded a Rs 871 crore stripping activity adjustment. I have not confirmed whether the reported profit includes that adjustment; check note disclosures in the filing. The same estimate looked like a 52.5% rise on the old base; the reported rise is 53% on a lower base, which is why the percentages look close while the rupee numbers differ.

How does Q2 FY27 compare with Q1 FY27 and with the half year?

Revenue fell 4.5% and profit fell 26.4% from Q1 FY27, but half-year profit of Rs 15,368 crore is 17.7% above H1 FY26, so the year is ahead despite the Q2 dip.

Q1 FY27 revenue was Rs 46,255 crore and profit about Rs 8,852 crore. Q2 revenue of Rs 44,179 crore is 4.5% lower, and profit of Rs 6,516 crore is 26.4% lower (reported by two outlets, consistent with my arithmetic). Profit fell much more than revenue, which points to margin pressure from Q1 rather than a volume collapse.

Cite this table: PositionalCalls, “Coal India H1 FY27 Table, as of 30 October 2026”.

Operating data reported before the results pointed the same way. September 2026 production was 53.5 million tonnes (+9.2%) and offtake 61.2 million tonnes (+12.5%), though April to September production was still 2.5% lower at 321 million tonnes. Offtake of 384.2 million tonnes for the half year (+7.6%) ran ahead of output, meaning pit-head stocks fell. Capex in H1 FY27 was Rs 7,966 crore, up 27%, per a company release on 27 October 2026.

What dividend did Coal India declare, and what is the record date?

Coal India declared a second interim dividend of Rs 10.25 per share for FY27 on 29 October 2026, with record date Wednesday, 4 November 2026 and payment on or before Friday, 27 November 2026.

Cite this table: PositionalCalls, “Coal India Dividend History Table, as of 30 October 2026”.

Until when must you buy Coal India shares to get the Rs 10.25 dividend?

Under T+1 the ex-date equals the record date, so you must own the shares by the close of Tuesday, 3 November 2026; a purchase on Wednesday, 4 November does not qualify.

1. Buy by Tuesday, 3 November 2026: the last trading day before the record date.
2. Hold on Wednesday, 4 November 2026: the record date and ex-date are the same under T+1.
3. Expect the credit by Friday, 27 November 2026: the company’s stated outer date.
4. Keep the contract note: you need it for your tax records and for any TDS credit.

The same calendar day, 4 November 2026, falls close to Muhurat trading on Sunday, 8 November 2026; plan any buys around the exchange holiday list, covered in Muhurat trading 2026 timings.

What is the Rs 10.25 Coal India dividend worth in rupees?

1,000 shares receive Rs 10,250, which is about 2.6% of the Rs 392 close shown on Screener for 28 October 2026; the whole payout is about Rs 6,317 crore (my calculations).

Coal India’s paid-up equity capital is Rs 6,163 crore at a face value of Rs 10, about 616.3 crore shares. Multiply by Rs 10.25 for the cash cost. The price used is from an aggregator and moves daily, so the yield is a worked example, not a quote.

Cite this table: PositionalCalls, “Coal India Dividend Rupee Table, as of 30 October 2026”.

TDS under Section 194 is generally 10% for residents when dividends from one company exceed Rs 10,000 in a financial year. Confirm the current rule; the capital gains and dividend tax guide covers it. Dividends are also taxable at your slab rate, so TDS is not the final tax. NRI readers should see NRI investment in the Indian stock market, since withholding for non-residents is generally higher and may fall under a treaty.

What should you verify in the Coal India filing before quoting these numbers?

Check the profit line, the Q2 FY26 comparatives, the EBITDA definition and the stripping adjustment, because results-day reports disagree on each.

Cite this table: PositionalCalls, “Coal India Filing Verification Table, as of 30 October 2026”.

How did the 28 October preview compare with the actual results?

The preview got the date and the dividend watch right, but its Q2 FY26 revenue and profit bases do not match results-day reports, so those figures are corrected on this page.

Cite this table: PositionalCalls, “Coal India Preview Versus Actual Table, as of 30 October 2026”.

I flag this openly because a wrong base can mislead a reader into thinking growth was higher or lower than it was. The corrected comparison is the one in the results table at the top of this page. If the filing shows restated comparatives, the explanation will be added here with the date.

What should you watch next after the Coal India Q2 results FY27?

Watch the 4 November record date, then the e-auction premium, offtake against output, and margin recovery in the December quarter.

• 4 November 2026: record date. Check the exchange for the ex-date marker.
• Margin: the Q2 profit fall from Q1 was steeper than the revenue fall; a recovery would show in cost per tonne.
• E-auction premium: reports on the Q1 premium differ (35% in one broker note, 47% in another), so wait for a filed figure.
• Offtake versus production: stocks fell in H1; this cannot continue indefinitely.
• Peer filings: the energy cluster reports around the same dates; see the table below.

The full list of dates sits on the Q2 results calendar hub, and the previous quarter is analysed in the Coal India Q3 results FY26 analysis.

What do you need to know about tax, costs and safety?

Dividends are taxed in your hands at slab rate, TDS may apply above a yearly threshold, and you should never pay anyone for “dividend alerts”.

• What you need: shares in your demat account by 3 November 2026.
• Costs: check your broker’s current charge schedule; the dividend itself carries no brokerage.
• Tax: see the rupee table above and the linked tax guide; confirm current rules or ask a tax adviser.
• Scam warning: fake results alerts, paid “dividend capture” tips and KYC links on messaging apps are common. Never share an OTP.

What do most people miss about the Coal India Q2 results FY27?

Most miss that profit rose mainly on a weak base, that two profit lines and two EBITDA lines are in circulation, and that a dividend does not predict the share price.

• Open the filing for both profit lines before quoting growth.
• Compare Q2 FY27 with Q2 FY26, never with Q1 FY27.
• Note record date, ex-date and payment date together.
• Check whether the stripping adjustment of Rs 871 crore sits inside profit.
• Buy by 3 November 2026 if you want the dividend.

Analyst’s note

Part of the Earnings and Energy series. The earlier quarter is covered on the Coal India Q3 results page.

Frequently asked questions

Sources

• Coal India corporate announcements (BSE)
• Coal India press release on H1 FY27 capex, 27 October 2026 (BSE)
• Coal India investor information (coalindia.in)
• Results-day reports by Upstox, Kotak Neo, Indian Masterminds, Indian PSU and Sarkaritel, 29 to 30 October 2026 (secondary, not linked)
• Zee Business preview estimate; Screener 28 October 2026 close (secondary and aggregator)

Editorial disclosure. PositionalCalls.com is not a SEBI-registered research analyst or investment adviser. Investments in securities markets are subject to market risks. Read all related documents carefully before investing. Returns are never guaranteed. This page is educational, is independent and was written by Shubham Chaudhary, founder of PositionalCalls. How I researched this: I compared results-day reports of the company filing, recomputed every derived number and labelled conflicting figures. Corrections are published in the Data note.