Central Mine Planning & Design Institute Reports Decline in Q4 Profit Amid Rising Costs
Central Mine Planning & Design Institute slips after weak Q4 performance
Business Standard
Image: Business Standard
Central Mine Planning & Design Institute (CMPDI) experienced a 32.2% drop in net profit to ₹187.82 crore in Q4 FY26, despite an 11.7% increase in net sales to ₹826.88 crore. The decline was attributed to a 44.7% rise in total expenditure, primarily driven by higher employee costs.
- 01CMPDI's net profit fell by 32.2% in Q4 FY26 compared to the previous year.
- 02Net sales increased by 11.7% during the same period.
- 03Total expenditure rose significantly by 44.7%, impacting profitability.
- 04Employee costs surged by 98.6% year-on-year.
- 05For FY26, CMPDI reported a net profit of ₹613.18 crore, down 8.1% year-on-year.
Advertisement
In-Article Ad
Central Mine Planning & Design Institute (CMPDI) saw its stock decline by 2.65% to ₹180.20 following a disappointing performance in Q4 FY26. The company reported a 32.2% decrease in net profit, totaling ₹187.82 crore, despite an 11.7% rise in net sales, which reached ₹826.88 crore. The surge in total expenditure, which increased by 44.7% to ₹588.89 crore, was primarily due to a staggering 98.6% rise in employee costs and a 15.5% increase in other expenses. Profit before tax for the quarter was ₹255.12 crore, down 29.7% from ₹362.71 crore in Q4 FY25. For the entire fiscal year 2026, CMPDI reported a net profit of ₹613.18 crore, reflecting an 8.1% decline year-on-year, while revenue rose by 10.2% to ₹2316.53 crore. CMPDI, a subsidiary of Coal India, is recognized for its comprehensive consultancy services in the mining sector.
Advertisement
In-Article Ad
The significant rise in employee costs may lead to budget adjustments within CMPDI, potentially affecting job security and operational efficiency.
Advertisement
In-Article Ad
Reader Poll
What do you think about CMPDI's financial performance in Q4 FY26?
Connecting to poll...
Read the original article
Visit the source for the complete story.