Q3 Results impact: Bharat Coking Coal, Kansai Nerolac Paints shares fall up to 7%, Sheela Foam rallies 20%

Q3 Results impact

• Bharat Coking Coal shares drop after Q3 net loss of Rs 23 crore, revenue up 25%
• Kansai Nerolac Paints Q3 profit dropped 82 percent YoY, shares down 3 percent
• Sheela Foam Q3 profit surged 212 percent YoY, shares rallied over 14 percent

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The shares of Bharat Coking Coal extended losses on February 4 after the company released its results for the October-December quarter of the ongoing financial year 2026. Kansai Nerolac Paints also dropped around 3 percent.

Sheela Foam shares meanwhile rallied 20 percent to briefly hit the upper circuit at Rs 628.30 apiece.

Bharat Coking Coal Q3 Results:

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.

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.

The shares of the newly-listed company closed in the red on February 3 after Q3 results.

The shares of the company dropped 7 percent to hit an intraday low of Rs 36.10 apiece on Wednesday, before recovering some losses. At close, the stock was down nearly 3 percent at Rs 37.58 apiece.

Kansai Nerolac Paints Q3 Results:

Kansai Nerolac Paints on February 3 reported a consolidated net profit of Rs 121.36 crore for the third quarter of the ongoing financial year 2026. This marks an 82 percent YoY fall from the Rs 680.87 crore net profit reported in Q3 FY25.

The firm’s revenue from operations meanwhile rose over 3 percent YoY to Rs 1,981.99 crore during the quarter under review.

The shares of the company dropped around 3 percent to close at Rs 221.80 apiece.

Sheela Foam Q3 Results:

Sheela Foam reported a consolidated net profit of Rs 52.13 crore for the October-December quarter of the ongoing financial year 2026. This marked a 212 percent YoY increase from the Rs 16.71 crore net profit reported in Q3 FY25.

The firm’s revenue from operations meanwhile rose more than 11 percent to Rs 1,074.43 crore during the quarter under review.

The shares of the company briefly hit the 20 percent upper circuit before paring some gains. At close, the stock was up more than 14 percent at Rs 597.75 apiece.

The shares of rival Wakefit Innovations fell more than 1 percent.

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