Coal India Q2 results: Profit drops 32% to Rs 4,263 crore; heavy rains hit production

State-owned Coal India Ltd (CIL) on Wednesday reported a 32% decline in consolidated profit at Rs 4,262.64 crore for the September quarter, weighed down by lower sales and rising costs. The Maharatna PSU miner had posted a profit of Rs 6,274.80 crore in the same quarter last year.According to a regulatory filing, the company’s consolidated sales dipped marginally to Rs 26,909.23 crore from Rs 27,271.30 crore in the year-ago period, while expenses rose 7% to Rs 26,421.86 crore against Rs 24,670.70 crore a year earlier, PTI reported.Coal India, which accounts for over 80% of the country’s coal output, also saw its production slip 3.9% year-on-year to 48.97 million tonnes (MT) in September, compared with 50.94 MT in the corresponding month of FY25.The decline came even as the government pushes to ramp up domestic coal production to reduce imports. Coal and mines minister G Kishan Reddy attributed the fall in output to heavy rainfall that disrupted mining operations in September but clarified that there was “no shortage of coal in the country.”Industry experts noted that monsoon rains and waterlogging often create operational challenges in coal mining, leading to temporary drops in output.For FY26, Coal India has set a production target of 875 million tonnes and aims to dispatch 900 million tonnes.