State-owned miner Coal India Ltd (CIL) on Wednesday announced its financial results for the second quarter (Q2 FY25), posting a sharp 30% year-on-year decline in net profit to ₹4,354.24 crore, compared to ₹6,249.10 crore in the same quarter last year.
The company’s revenue from operations also recorded a 3.2% YoY dip, reflecting softer coal demand and lower e-auction realisations during the period.
While detailed segment-wise performance and production data were yet to be disclosed at the time of reporting, analysts attributed the earnings fall to higher employee costs, increased stripping activity, and a moderation in global coal prices.
Despite the quarterly dip, Coal India remains on track with its annual production and offtake targets, supported by steady domestic demand from the power sector.
The company is also focusing on green initiatives, including investment in coal gasification and renewable energy projects, as part of its long-term transition strategy.
Key Financials (Q2 FY25):
- Net Profit: ₹4,354.24 crore (↓ 30% YoY)
- Net Profit (Q2 FY24): ₹6,249.10 crore
- Revenue from Operations: ↓ 3.2% YoY
- Sector: Coal mining / Energy