CMPDI, Coal India's listed mining consultancy subsidiary, reports its second quarter with the parent's record coal offtake feeding demand for drilling and exploration work. The print will speak to whether operating margins hold near Q1's 28.56% against a mid-quarter diesel price step-up, and whether the board declares a second interim dividend.
| Results date | October 23, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter revenue | Rs. 481.37 Cr |
| Previous quarter PAT | Rs. 116.27 Cr |
| Market cap | Rs. 14,611.3 Cr |
| CMP | Rs. 204.64 |
The Board of Directors will meet on October 23, 2026 at Ranchi to consider and approve the unaudited standalone financial results for the quarter and half-year ending September 30, 2026, and a 2nd interim dividend is possible at the meeting. The trading window for designated persons remains closed from October 1 to October 26, 2026 under the company's insider trading code.
A 2nd interim dividend for FY27 is possible at the October 23, 2026 board meeting, matching FY26's pattern of Rs. 1.05/share interims. The 1st FY27 interim of Rs. 1.05/share (face value Rs. 2) was declared on July 20, 2026, with record date July 24, 2026 and payment on or before August 19, 2026. FY26 total dividend stood at Rs. 4.21/share (210.5%).
The quarter's story is whether CMPDI's ahead-of-target operational delivery converts into revenue growth while margins absorb a diesel cost step-up that landed mid-quarter. Delhi HSD rose to Rs. 95.20/litre effective August 1, 2026 from Rs. 87.67, a step-up of roughly 8.6% that persisted through the quarter, flowing into a Cost of Materials line that was already up 24% YoY in Q1 on higher diesel prices and drilling accessories. Demand from the parent ecosystem strengthened through the window: Coal India's July supplies grew 18.38% YoY at 64.19 MT, the highest-ever July offtake, September supplies rose 12.5%, and CIL's Q1 FY27 capex grew 16.64% past its quarterly target. Company-side KPIs corroborate the demand read, with drilling at 101% of the 12.00 lakh metre FY27 target up to August 2026 (+12% YoY) and seismic surveys at 150.616 line km, stated as 116% of the 475.00 line-km target. On costs, the FY26 one-off pay base (Rs. 90.13 Cr pay-revision liability, Rs. 12 Cr revised pay, Rs. 34.52 Cr actuarial) has annualized, keeping Q1 employee cost growth to just 2% YoY, while the enlarged FD corpus of about Rs. 1,050 Cr supports other income (Rs. 22.65 Cr in Q1). The unresolved overhang is the BSE and NSE LODR fines totalling Rs. 23,62,360 including 18% GST, on which the company is representing its position to both exchanges, alongside Rs. 114.81 Cr of CIL and subsidiary receivables outstanding for more than a year. The call is also expected to cover MoU-to-revenue follow-through on Oil India, CSIR-CIMFR, NML/NTPC Mining, ICVL's Tete East project, MECL and the Rajasthan REE block, plus the second interim dividend decision.
FY27 drilling and seismic guidance tracking: Management's only quantified FY27 targets are operational, and both are running ahead.
Margin trajectory and diesel pass-through
Base-effect transparency on FY26 one-off pay items
Geomatics recovery and receivables ageing
Dividend, LODR fines and MoU pipeline
CMPDI reported standalone revenue of Rs. 481.37 Cr, up 17.62% YoY, and PAT of Rs. 116.27 Cr, up 53.88% YoY, in the June 2026 quarter. Sequentially, revenue fell 41.78% and PAT fell 38.09% versus the seasonally stronger March 2026 quarter.
FY26 operating profit fell to Rs. 742.72 Cr from Rs. 807.37 Cr as total expenses rose 21.49%, driven by one-time pay items — a Rs. 90.13 Cr executive pay revision liability, Rs. 12 Cr of revised pay for a 3-month period, and Rs. 34.52 Cr higher actuarial expense. Operating Profit Margin fell to 32.06% from 38.40%.
Yes — drilling was at 101% of the 12.00 lakh metre FY27 target up to August 2026, up 12% YoY, and seismic surveys stood at 150.616 line km, stated as 116% of the 475.00 line-km target. Departmental drilling was at 107% of its sub-target and outsourced drilling at 98%.
A 2nd interim dividend is listed as possible at the October 23, 2026 board meeting, matching FY26's pattern of Rs. 1.05/share interims. The 1st FY27 interim of Rs. 1.05/share was declared on July 20, 2026, and FY26's total dividend was Rs. 4.21/share (210.5%).
BSE and NSE each fined CMPDI Rs. 11,81,180 (total Rs. 23,62,360 including 18% GST) for non-compliance with Regulations 17(1), 18(1), 19(1)/19(2) and 20(2)/(2A) of SEBI (LODR) Regulations, 2015 during the quarter ended June 30, 2026. The company has stated it is representing its position to both exchanges.