Coal India, which produces about 80% of the country’s coal, reported a quarterly profit decline on Thursday as shipment volumes and prices fell amid weak power demand.
The state-run company, which mainly produces non-coking thermal coal for power generation and industrial use, said its consolidated net profit declined 20% year-on-year to 87.43 billion rupees ($998 million) in the quarter ended June 30.
Revenue from operations dropped 4.4% to 358.42 billion rupees.
Coal-fired power generation, which remains the dominant source of electricity in India, declined by nearly 3% in the first half of 2025.
Meanwhile, overall power output growth declined by 1.5% as a milder summer — driven by earlier-than-expected monsoon showers — reduced demand for coal.
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Coal India’s average realisation from so-called e-auction sales stood at 2,331.51 rupees per ton in June-quarter, lowerthan the 2,410.94 rupees per ton in the year-ago period, while overall average price realisation of coal supplied rose by two rupees from a year ago.
The company gets 10% of its sales through e-auctions at near-spot rates, and sells the rest of its output to domestic customers through long-term contracts.
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