After the opening bell on April 28, Maharatna PSU Coal India shares surged 4.7% to their intraday high of ₹473.90, compared to ₹452.50 at the previous stock market close as per the NSE data. As of 9:41 am, Coal India shares were trading 4.3% higher at ₹472.45 on Tuesday.

Strong e-auction volumes, growth in fuel supply agreement realisations, and strong EBITDA (earnings before interest tax depreciation & amortisation) fuelled the overall performance of the company in the March quarter.

Coal India Q4 results snapshot

Coal India announced its January-March quarter earnings on Monday evening. The company recorded a 12% rise in its net profit to ₹10,907 crore in the financial year ended 2025-26, compared to ₹9,740 crore in the same period a year ago, as per the consolidated statements.

The State-run company's revenue from core operations witnessed an over 5% rise to ₹46,490 crore, compared year-on-year with ₹43,961 crore in the same period a year ago, as per the NSE filing.

The data also showed that Coal India's earnings per share (EPS) for the March quarter rose to ₹17.59 apiece, compared to ₹15.82 per share in the same quarter of the previous financial year.

The company's income from other operations, barring the core revenues, witnessed a healthy rise of 30% YoY to ₹5,128 crore in the fourth quarter, compared to ₹3,939 crore in the same period a year earlier.

Coal India's EBITDA recorded a 12% YoY growth to ₹17,917 crore in the fourth quarter, compared to ₹16,040 crore in the same period a year ago. The company's EBITDA on revenue from operations also rose to 39%, compared to 36% in the same quarter of the previous year.

What experts say?

Analysts from Morgan Stanley said that Coal India's EBITDA beat their estimates of a 6% growth in the fourth quarter, rising 12% YoY in the period.

The experts also said that even though the fuel supply agreement (FSA) volumes were down 4% YoY in the fourth quarter, the numbers surpassed estimates. The overall earnings for the quarter have surpassed analysts' expectations on the backdrop of increased inventory.

"Earnings beat expectations in 4QFY26 on higher other income; restatement makes y/y and q/q comparisons difficult," said HSBC analysts.

The company also announced a ₹5.25 per share final dividend with a face value of ₹10 per share for the financial year ended 2025-26, subject to the shareholders' approval in the upcoming AGM.

Are there cost pressures ahead?

Experts from the banking major, HSBC, in a recent note, said that there is a potential for a 'large cost' hike in the future, considering if the diesel prices in the market remain elevated due to the West Asia conflict and supply chain disruptions.

Coal India uses a significant quantity of diesel to power its heavy equipment and dump trucks used in coal mining to transfer the ore for consumption. India, being one of the largest importers of crude oil from foreign nations, including a large chunk from the Gulf countries, the supply chain disruption has resulted in higher import costs.

"Potential large cost increase ahead if diesel prices are increased. Lacking earnings catalysts, given oversupplies in domestic coal markets, but the dividend yield supports the stock price," said the analysts on the future outlook of Coal India.

Market expects also expects that the upcoming summer season and weak rainfall are likely to boost the power demand in the country, which in turn can be beneficial for the volumes of the company.

Coal India share price trend

Coal India shares have delivered more than 265% returns on their investment in five years, over 101% gains in the last three years, and 18.27% returns in the past one year period, according to NSE data.

On a year-to-date basis, the company's stock has risen 17.29% in 2026, and is up over 5% in the past one month. Coal India shares were trading nearly 6% higher in the last five market sessions on the stock exchange.

Coal India shares hit their 52-week high of ₹476 on March 16, 2026, while the 52-week low was at ₹368.65 on August 28, 2025, according to NSE data. The company's market capitalisation (M-Cap) was at over ₹2.90 lakh crore as of Tuesday, April 28, trading session.