CIL earnings may stay under pressure amid weak volumes, market share loss

CIL earnings may stay under pressure in FY26 due to weak volumes, lower e-auction prices, rising costs, and growing market share of captive and commercial miners

Coal India’s (CIL’s) earnings are likely to remain under pressure during the April-June quarter (Q1) of FY26 due to lack of volume growth and loss in market share to captive coal producers in April–May 2025.

 

There may also be a fall in e-auction prices, due to weak global trends. Rising production from captives could make it hard to sustain volume growth.

 

Sales volume was down 4.7 per cent year-on-year (Y-o-Y) during April–May and there seems to be volume reduction even in June 2025.

 

Apart from muted power demand, volumes from captive and commercial mines rose 14.5 per cent to 35