Bharat Coking Coal Q3 Results: Firm posts net loss of Rs 23 crore, shares fall up to 4%

Bharat Coking Coal Q3 Results

• Bharat Coking Coal's Q3 net loss was Rs 23 crore, down 57% sequentially.
• Revenue up 25% YoY to Rs 2,783 crore, but production down 11% YoY
• Shares closed 2 percent lower after results, down 16 percent since listing

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Bharat Coking Coal on February 3 reported a net loss of Rs 23 crore for the October-December quarter of the ongoing FY26, as against a net profit of Rs 425 crore in corresponding quarter of the previous financial year.

The shares of the newly-listed company sharply fell to Rs 37.12 apiece in the fag end of the trading session on February 3 after Q3 results. The stock however recovered some losses to close 2 percent lower at Rs 37.83 apiece.

Bharat Coking Coal Q3 Results:

Bharat Coking Coal's net loss however has contracted around 57 percent sequentially from the Rs 52.99 crore net loss reported in July-September quarter of the same financial year.

Its revenue from operations meanwhile rose nearly 25 percent year-on-year (YoY) to Rs 2,783 crore during the quarter under review, as against Rs 3,688 crore during the year-ago period. Expenses fell around 10 percent YoY to Rs 2,922.34 crore.

Bharat Coking Coal’s production fell around 11 percent YoY to Rs 8.90 million tonners, missing its target of 11.27 million tones. EBITDA declined around 84 percent to Rs 104.16 crore during the quarter under review.

Bharat Coking Coal share price:

Bharat Coking Coal shares made a stellar stock market debut on the exchanges earlier this month, listing with a premium of nearly 96 percent, following a massive subscription of 147 times between January 9-13 in the primary market.

Shares of Bharat Coking Coal Ltd were listed at Rs 45 per share on the National Stock Exchange (NSE). The stock has so far declined around 16 percent since listing.

Also read: Bajaj Finance Q3 Results