Investor Brief: Central Mine Planning & Design Institute Ltd. (CMPDI)

Executive Summary Central Mine Planning & Design Institute Ltd. (CMPDI), a subsidiary of Coal India Ltd., reported robust Q1 FY27 results marked by strong 18% top-line growth, sharp margin expansion, and disciplined cost control. The company's ongoing expansion into non-coal critical minerals and international consultancy highlights its strategic revenue diversification efforts. Financial Highlights (Q1 FY27 vs Q1 FY26) Revenue from Operations: ₹481.4 Crore, up 18% YoY (vs. ₹409.3 Cr). EBITDA: ₹145.5 Crore, a 62% YoY jump (vs. ₹89.8 Cr). EBITDA Margin: Expanded significantly to 30.2% (+830 bps YoY from 21.9%; and up sequentially from 28.8%). Net Profit (PAT): ₹116.3 Crore, reflecting 54% YoY growth. Other Income: ₹22.7 Crore (+62% YoY). Cost Management: Employee expenses grew marginally by 2% YoY, and other operating expenses rose just 7% YoY, driving the strong EBITDA conversion. Segment Revenue Breakdown Exploration: ₹255 Cr (+18% YoY) | 53% share — Remains the largest core revenue driver. Planning & Design: ₹100 Cr (+26% YoY) | 21% share — Fastest-growing segment this quarter. Environment: ₹87 Cr (+24% YoY) | 18% share. Geomatics: ₹39 Cr (-9% YoY) | 8% share. Global Footprint: Signed an agreement with ICVL to prepare the Detailed Project Report (DPR) for the Tete East Coal Project in Mozambique, Africa. Critical Minerals Diversification: Secured an Exploration License from the Government of Rajasthan for Rare Earth Elements (REE) in the Nawatala Dewigarh block, Barmer. Exploration Alliance: Partnered via MoU with MECL for joint exploration activities across both coal and non-coal mineral sectors. Market Reaction & Liquidity Note Following the robust earnings release, CMPDI shares surged nearly 7% to trade at ₹270.76. The stock has now appreciated by ₹100 from its IPO issue price of ₹172 per share. Investors should note that the stock lacks a significant free float, which may impact trading liquidity and amplify price movements.