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BCCL Posts Rs 23 Crore Loss in Q3 Despite IPO Buzz
3 Feb
Summary
- Bharat Coking Coal reported a net loss of Rs 23 crore in Q3FY26.
- Revenue decreased by 25% year-on-year to Rs 2,783 crore.
- Shares fell despite a strong debut and investor demand.
Bharat Coking Coal Limited (BCCL) announced a standalone net loss of Rs 23 crore for the quarter ending December 31, 2025. This marks a significant downturn from the Rs 425 crore net profit recorded in the same period of the previous fiscal year. The company, a subsidiary of Coal India, also reported a 25% year-on-year decrease in revenue, which fell to Rs 2,783 crore from Rs 3,688 crore.
Despite the reported loss, BCCL's financial performance showed sequential improvement. The net loss narrowed from Rs 53 crore in the second quarter of FY26, aided by an 8.3% rise in topline revenue quarter-on-quarter. Total expenses were also reduced, standing at Rs 2,922 crore, down 5% sequentially and 10% year-on-year.
Following the release of its earnings, BCCL's shares closed 2.3% lower, impacted by the weak financial results. This decline occurred even as the stock markets showed buoyancy. The company had previously made a strong debut on the BSE, listing at Rs 45.21, a 97% premium over its issue price of Rs 23. The Rs 1,071 crore IPO, entirely an offer for sale by Coal India Limited, was heavily subscribed, receiving 147 times more applications than shares offered.
