Poor power demand dulls Coal India's Q2, outlook weak

Coal India Ltd’s secondquarter results didn’t bring any fireworks.

- Manvi Agarwal [e-mail]

Theminer's consolidated revenueslipped 3% year-on-year to ₹30,190 crore, hurt by softer realizations and weak production and sales volumes. Production fell 4% year-onyear to 145.8 million tonnes (mt) and sales dropped 1% to 166 mt as a prolonged monsoon played spoilsport.

Beyond seasonality, the bigger challenge was the muted power demand in the first halfof FY26 that weighed on volumes. Sales traction in both fuel supply agreements (FSA) and e-auctions wassubdued in Q2. FSA volumes fell 0.5% and contributed 88.8% of total volumes. E-auction volumesrose only 1%, contributing 9.2% of total volumes.