New Delhi, Oct. 30 -- Coal India Ltd's second-quarter results didn't bring any fireworks. The miner's consolidated revenue slipped 3% year-on-year to Rs.30,190 crore, hurt by softer realizations and weak production and sales volumes. Production fell 4% year-on-year to 145.8 million tonnes (mt) and sales dropped 1% to 166 mt as a prolonged monsoon played spoilsport.

Beyond seasonality, the bigger challenge was the muted power demand in the first half of FY26 that weighed on volumes. Sales traction in both fuel supply agreements (FSA) and e-auctions was subdued in Q2. FSA volumes fell 0.5% and contributed 88.8% of total volumes. E-auction volumes rose only 1%, contributing 9.2% of total volumes.

After the Q2 results, analysts slashed thei...