Coal India September Output Falls 3.9% To 48.97 MT, Off-Take Slips 1.1%

State-owned miner Coal India, along with its subsidiaries, released provisional production and off-take data for September 2025 and the April–September 2025 period. The company reported lower production and off-take for the month compared with the previous year. Output slipped 3.9% to 48.97 million tonnes (MT) versus 50.94 MT in September 2024. Off-take declined 1.1% year-on-year to 53.56 MT against 54.16 MT. 

September Performance 

Coal India’s production for September 2025 came under pressure as seasonal and operational factors weighed on output. The 3.9% decline marked a step back compared with September 2024 levels. Off-take volumes, reflecting sales to power producers and other industries, also fell marginally by 1.1%. The combined dip highlights softer monthly performance, though cumulative data will give a clearer picture for the first half of FY26. 

April–September Trends 

For the April–September 2025 period, Coal India maintained stable supply trends despite September’s dip. Cumulative figures indicate that overall output and off-take remain in line with internal expectations. The state-owned miner continues to play a critical role in meeting India’s energy requirements, supplying over 80% of the country’s coal. Industry observers note that performance in the upcoming months will be shaped by demand from power utilities during the winter season. 

June Quarter Results 

Earlier, the company posted a 20.1% year-on-year drop in consolidated net profit for the June quarter at ₹8,734 crore, compared to ₹10,934 crore a year earlier. Revenue from operations fell 4.4% to ₹35,842 crore against ₹37,503 crore last year. EBITDA for Q1 stood at ₹12,521 crore, down 12.7% from ₹14,338 crore in the previous year. However, the figure was comfortably above analysts’ forecast of ₹10,850 crore, signalling operational resilience despite softer sales. 

Share Price Performance 

Coal India’s shares closed with minor gains on Wednesday, October 1. The stock ended slightly higher on the BSE after a choppy session. Year-to-date, shares of the Maharatna PSU have gained nearly 1%, reflecting cautious investor sentiment amid fluctuating coal demand. Market participants remain focused on future volume recovery and profitability trends. 

Conclusion 

Coal India’s September output and off-take data showed modest declines, underscoring operational challenges during the month. While profit for the June quarter slipped, EBITDA performance exceeded forecasts, providing some relief. The company remains central to India’s energy supply, with cumulative figures more relevant for tracking longer-term momentum. Going forward, demand from power and industrial consumers will be key in shaping performance for the second half of FY26. 

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