Bharat Coking Coal shares plunged over 8% on Wednesday after the Coal India subsidiary reported a net loss of ₹68 crore for Q1 FY27, compared to a net profit of ₹177 crore in the corresponding quarter of the previous financial year. The stock crashed to an intraday low of ₹34.40 on NSE, marking the sharpest single-day plunge since its bumper listing in January this year. As per The Economic Times, the company is on track to record the sharpest single-day plunge in stock price since its bumper listing, with shares having fallen over 5% in one week and 16% in one month. The BSE Sensex declined 0.80% to 76,851 during the session, weighing on the stock's performance. The company currently has a market capitalisation of more than ₹16,240 crore.
Bharat Coking Coal Ltd. (BCCL) reported a net loss of ₹68.09 crore in Q1FY27 compared to a net profit of ₹177 crore in the same period last year. According to latest reports, the company's revenue from operations rose 4% year-on-year to ₹3,587.27 crore from ₹3,719.59 crore in the year-ago period, though it showed sequential growth of 9.3% over ₹3,282.95 crore at the end of March 2026. Total expenses increased 5% to ₹3,826.31 crore in Q1 FY27 from ₹3,654.39 crore in Q1 FY26, primarily due to higher other expenses (up 10.38% YoY), higher finance cost (up 84.04% YoY) and higher depreciation charge (up 26.66% YoY). Other income fell 25% to ₹136 crore from ₹182 crore, while other expenses increased 13% to ₹1,233 crore from ₹1,089 crore last year. The company's EBITDA declined by 80.8% to ₹71.50 crore from ₹373.28 crore in the previous year, with EBITDA margins plunging to 1.92% from a positive 5.1% in the June quarter last year, and profit margin slipped to a negative 1.83%. At the operating level, the company reported an EBITDA loss of ₹64.47 crore, compared with an EBITDA profit of ₹191 crore in the same quarter last year. Return on average capital employed (ROCE) stood at a negative 3.80% during the quarter which ended on June 30, 2026.
As reported by Business Standard, the company's production rose to 6.56 million tonne in Q1 FY27 from 9.04 million tonne in the same period a year ago, while offtake was lower at 7.72 million tonne from 8.98 million tonne a year ago. Overall raw coal production fell 11.8% to 2.29 MT in June from 2.6 MT in the previous year. Non-coking coal production increased 2.6% to 0.12 MT, and washed coking coal production was at 0.14 MT, down 0.8% from the previous year. The company's sales per tonne showed growth of 12% from the year-ago quarter to ₹4,647 from ₹4,142, indicating improved pricing despite lower volumes. Raw coal offtake remained largely flat at 2.69 MT compared with the same period last year. According to BCCL's presentation, the reduction in sales is on account of reduction in outside dispatch from 8.83 million tonnes to 7.81 million tonnes.
According to Business Standard, BCCL commenced commercial operations of its 2 MTPA Bhojudih Coal Washery from May 26 this year. The facility is a three-product medium coking coal washery with raw coal washing capacity of 20 lakh tonne per annum, constructed under the build, operation and maintenance model. The washery is equipped with advanced technology including spiral concentrator, heavy media cyclone, and froth flotation for beneficiation of coking coal. Overburden removal fell 16.1% to 10.84 million cubic metre, while production from opencast mines declined 12.3% to 2.24 MT and underground mine production increased 24.3% to 0.05 MT. The company, which is a subsidiary of Coal India and is primarily engaged in mining coking coal used by the steel industry, posted a pre-tax loss of ₹103.07 crore in Q1 FY27 compared to a pre-tax profit of ₹247.40 crore in Q1 FY26.
The share price trend of BCCL has remained negative amid weak market sentiments, with the PSU stock crashing over 8% to an intraday low of ₹34.40 on Wednesday, marking the sharpest single-day plunge since its bumper listing in January this year. The stock has fallen over 5% in one week and 16% in one month, with the current decline reflecting broader market weakness and investor concerns over the company's return to losses after reporting a net profit of ₹177 crore in the corresponding quarter of the previous financial year. BCCL shares debuted in the Indian stock exchanges in January this year, the stock listed at ₹45 per share, marking a 96% premium over its IPO price of ₹23. The current decline reflects investor concerns over the company's production and offtake output missing targets, impacting profitability and the company's negative return on average capital employed.
