Bharat Coking Coal spurts on Q2 turnaround

Bharat Coking Coal shares surged 4.23% to Rs 31.02 after the company reported a net profit of Rs 123.74 crore in Q2 FY27, compared with a net loss of Rs 52.99 crore in Q2 FY26.

Revenue from operations increased 39.06% year on year to Rs 4,412.58 crore from Rs 3,173.25 crore. The growth was driven by higher dispatch volumes, improved washed coal realisations and the recognition of Rs 386.50 crore in price increase and compensation, compared with nil in the year-ago quarter.

Other income declined 66.28% to Rs 158.57 crore from Rs 470.29 crore, primarily due to a reduction in liability write-backs. Total income rose 25.46% to Rs 4,571.15 crore from Rs 3,643.54 crore.

EBITDA soared 314.12% year on year to Rs 358.87 crore from Rs 86.65 crore in the year-ago quarter.

Profit before tax stood at Rs 185.78 crore in Q2 FY27, compared with a loss of Rs 48.06 crore in Q2 FY26.

Total expenses increased 18.79% to Rs 4,385.37 crore from Rs 3,691.60 crore. Employee benefits expense rose 9.19% to Rs 1,621.30 crore, while contractual expenses increased 17.91% to Rs 1,175.77 crore. Other expenses climbed 30.70% to Rs 1,369.82 crore, and finance costs rose 44.03% to Rs 48.74 crore.

The company's total sales volume rose 11.21% YoY to 8.93 million tonnes in Q2 FY27 from 8.03 million tonnes a year earlier. Average realisation improved 23.40% YoY to Rs 3,668.20 per tonne from Rs 2,972.61 per tonne.

Raw coal sales volume increased 6.56% YoY to 7.31 million tonnes from 6.86 million tonnes.

Bharat Coking Coal Limited (BCCL) is a public sector undertaking under Coal India. It was established to mine and supply high-grade coking coal.

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