Financial Performance Highlights

Consolidated FY2026 Results:

  • Revenue from Operations: ₹17,490 Crore (▲14% YoY from ₹15,283 Cr in FY25)
  • Profit After Tax: ₹3,769 Crore (▲39% YoY from ₹2,714 Cr in FY25)
  • Total Income: ₹18,467 Crore (▲9% YoY from ₹16,889 Cr in FY25)
  • EBITDA: ₹7,475 Crore (▲15% YoY from ₹6,513 Cr in FY25)
  • EBITDA Margin: 43% (consistent with FY25)
  • Net Profit Margin: 20.49% (improved from 17.68% in FY25)
  • EPS: ₹25.4 (▲34% from ₹18.90 in FY25)
  • Capex: ₹9,131 Crore (▲18% YoY)
  • Net Worth: ₹21,525 Crore (▲15% YoY)

Segment Revenue Breakdown:

  • Mining Revenue: ₹8,795 Crore
  • Thermal Revenue: ₹14,443 Crore
  • Renewables Revenue: ₹726 Crore
  • Total Segment Revenue: ₹17,490 Crore (including inter-segment revenue)

Key Ratios:

  • Return on Net Worth: 17.51% (improved from 14.49% in FY25)
  • Return on Capital Employed: 9.70% (declined from 10.3% in FY25)
  • Current Ratio: 0.80 (from 0.78 in FY25)
  • Quick Ratio: 0.58 (from 0.60 in FY25)
  • Debtor Turnover Ratio: 4.64
  • Operating Margin: 22.39%

Operational Highlights

Mining Operations:

  • Annual Coal Production: 19.14 MT (Highest Ever)
  • Annual Coal Dispatch: 17.69 MT (Highest Ever)
  • Pachwara South Coal Mine: 9 MTPA capacity, coal production commenced in March 2026

Power Generation:

  • Capacity Additions: 963 MW (660 MW Thermal + 303 MW Renewable)
  • Renewable Generation: 2.26 BU
  • Green Power Generation in FY26: Record high

Renewable Energy Subsidiary (NIRL):

  • Operational Capacity: 1,734 MW
  • Projects Under Implementation: 5,810 MW
  • Capacity Through Joint Ventures: 3,885 MW
  • Energy Storage Pipeline: 3,300 MWh
  • Portfolio Breakdown:
  • Solar Operational: 1,683 MW (₹8,885 Cr)
  • Wind Operational: 51 MW (₹395 Cr)
  • Solar Under Construction: 1,710 MW (₹9,231 Cr)
  • Wind Under Construction: 50 MW (₹384 Cr)
  • Solar Pipeline: 1,985 MW (₹11,350 Cr)
  • Wind Pipeline: 350 MW (₹3,033 Cr)

Strategic Initiatives and Diversification

Renewable Energy Expansion:

  • 2030 Target: 10,110 MW renewable capacity
  • IPO Plans: NIRL IPO planned in FY2027 to support renewable build-out
  • Recent Awards: NIRL secured 2 GW RE Projects + 3300 MWh BESS across multiple agencies

Diversification Projects:

  • Critical Minerals: Successful bidder for Semhardih & Raipura phosphorite and limestone blocks in Chhattisgarh
  • Silica Sand: 1.0 MTPA Mine-I washed silica sand plant commissioned February 2026
  • Green Hydrogen: 4 MW project at Neyveli underway (300 kg H₂/day capacity, 99.999% purity)
  • Coal Gasification:
  • 1200 TPD Lignite-to-Methanol project under review
  • EoI for medium-scale Lignite Gasification to Ammonium Nitrate project under approval
  • Underground Coal Gasification collaboration with Reliance Industries Limited
  • Battery Storage: 250 MW/500 MWh project in Tamil Nadu
  • EV Charging: Five charging stations under installation across Neyveli operations
  • Data Center: Conceptualizing 30 MW AI-ready green data center in Neyveli

Research & Development:

  • NABL Accreditation: Received December 2025 for testing under ISO/IEC 17025:2017
  • DSIR Recognition: Received January 2026 as in-house R&D unit
  • BARC Collaboration: MoU signed for Rare Earth Elements extraction from fly ash
  • Green Hydrogen: 4 MW PEM electrolyser-based plant under implementation

Capital Expenditure and Future Plans

FY2030 Capex Plan:

  • Green Energy: ₹33,048 Cr for 10,110 MW capacity
  • Mining: ₹12,834 Cr for 104.35 MTPA capacity
  • Thermal: ₹44,452 Cr for 10,020 MW capacity
  • Diversification: ₹10,669 Cr for various projects

Ongoing Projects:

  • South Pachwara coal block: 9 MT capacity, ₹2,243 Cr (production commenced March 2026)
  • NUPPL Ghatampur Unit II: 1,980 MW, ₹21,781 Cr (commissioned December 2025)
  • NUPPL Ghatampur Unit III: Expected June 2026
  • Odisha Pithead TPS (Phase I): 2,400 MW, ₹27,213 Cr (LOA issued)

Pipeline Projects:

  • Mining: MINE III (11.5 MT), Gurha Lignite Mine (1 MT), Bithnok Lignite Mine (2.25 MT), Machhakata (30 MT), North Dhadu (3 MT), New Patrapara (12 MT)
  • Renewables: Multiple projects totaling 4,969 MW capacity with ₹18,944 Cr investment

Corporate Governance and Shareholding

Board Composition:

  • Chairman & Managing Director: Shri M. Prasanna Kumar
  • Additional Secretary, Ministry of Coal: Shri Sanoj Kumar Jha (IAS)
  • Functional Directors: Dr. Suresh Chandra Suman (Mines), Shri Samir Swarup (HR), Shri M. Venkatachalam (Power), Dr. Prasanna Kumar Acharya (Finance & CFO), Shri Rajesh Pratap Singh Sisodia (Planning & Projects)

Shareholding Pattern:

  • Total shareholders: 3,12,201 (as of presentation date)

Dividend:

  • Interim Dividend: 36.0%
  • Final Dividend: 2.5% (recommended for shareholders' approval)

Market Performance

  • All-time-high Share Price of ₹387.80 on NSE (as on 14th May 2026)
  • Highest ever market capitalization

ESG Initiatives

  • Energy Conservation: 7.269 MU energy conserved in FY2025-26
  • CSR Expenditure: ₹48.06 Cr in FY26 focused on healthcare (61%), education, and rural development
  • Workforce: 9,735 total employees with 757 women in workforce
  • Training: 31,964 training hours delivered
  • Environmental Target: Aiming for environmental score of around 60
  • Social Target: Aiming for social score of around 75