Bharat Coking Coal swings to Rs 123.74 crore Q2 profit; revenue +39%
By Siddharth VermaBusiness Correspondent, Peepals Bharat
Representative image: pixel2013 / Pixabay
Bharat Coking Coal posted a Q2 FY27 profit of Rs 123.74 crore against a Rs 52.99 crore loss a year ago, with revenue up 39%, its board said on October 25, 2026.
What Happened
Bharat Coking Coal Ltd (BCCL), the Dhanbad-based coal company that is part of the state-owned Coal India group, returned to profit in the July to September quarter of 2026-27. Its board approved the results on Sunday, 25 October 2026, after the meeting was moved from 24 October. Net profit was Rs 123.74 crore, against a loss of Rs 52.99 crore in the same quarter a year earlier, and revenue from operations rose about 39% to Rs 4,412.58 crore. Its shares rose sharply when trading opened on Monday, 26 October.
Key Facts
- Net profit, Q2 FY27: Rs 123.74 crore, against a loss of Rs 52.99 crore in Q2 FY26.
- Revenue from operations: Rs 4,412.58 crore, up about 39% from Rs 3,173.25 crore a year earlier.
- Profit before tax: Rs 185.78 crore; total expenses were Rs 4,385.37 crore.
- Raw coal production: 7.22 million tonnes in the quarter, up from 6.71 million tonnes.
- Offtake, the coal actually dispatched to customers: 8.89 million tonnes, up from 8.11 million tonnes.
- First half of FY27: profit of Rs 55.65 crore, lower than Rs 123.88 crore in the first half of FY26, and production of 13.78 million tonnes, down from 15.75 million tonnes.
- One market analysis put quarterly EBITDA, a measure of operating profit, at about Rs 200 crore, a margin of about 4.5%, and called it thin.
Why It Matters
BCCL produces coking coal, the type of coal used to make the coke that steel plants need in blast furnaces. As a Dhanbad-based public sector company, its results matter for the coal-mining economy of Jharkhand as well as for the country's steel supply chain.
The quarter's turnaround came from two things working together: the company produced more coal and dispatched more of it than a year earlier, and its revenue grew much faster than its output, rising 39% while production rose about 8% and offtake about 10%. That gap points to better realisations, meaning more money earned per tonne sold. Offtake was also higher than production in the quarter, which means the company sold some coal from its existing stocks as well as from fresh output.
The half-year numbers show the picture is not all positive. Profit and production for April to September were both lower than a year earlier, which means the first quarter of the year was weak. The thin operating margin also suggests costs remain high relative to sales. Whether the recovery lasts will depend on keeping output up through the rest of the year.
| BCCL, Q2 FY27 | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Net profit or loss | Rs 123.74 crore profit | Rs 52.99 crore loss |
| Revenue from operations | Rs 4,412.58 crore | Rs 3,173.25 crore |
| Raw coal production | 7.22 million tonnes | 6.71 million tonnes |
| Offtake | 8.89 million tonnes | 8.11 million tonnes |
Impact
Short-term: The return to profit lifted investor interest, with the shares among the most searched on Monday. Customers, especially steel makers, will watch whether the higher coal prices stay.
Long-term: For BCCL to sustain profits, it will need steady production growth and better cost control, since a margin of around 4.5% leaves little room if prices soften. Steady domestic coking coal output also matters for steel makers that want reliable supply.
Who is affected: BCCL's workers and the mining communities of the Dhanbad and Jharia region; steel companies that buy its coal; Coal India, its parent; and shareholders of the listed company.
Key Takeaway
Bharat Coking Coal swung back to a Rs 123.74 crore quarterly profit on higher output and prices, though its first-half profit and margins remain weak.
Questions and Answers
What were Bharat Coking Coal's Q2 FY27 results?
For July to September 2026, BCCL reported a net profit of Rs 123.74 crore, against a loss of Rs 52.99 crore a year earlier. Revenue from operations rose about 39% to Rs 4,412.58 crore. The board approved the results on 25 October 2026.
Why did Bharat Coking Coal's share price move on 26 October?
The shares rose on Monday, 26 October, the first trading day after the company reported its return to profit and a 39% rise in revenue for the September quarter.
What does BCCL produce?
BCCL produces coking coal, which is used to make coke for steel plants. It is a part of the Coal India group and is based in Dhanbad, Jharkhand.
Were the first-half results also better?
No. For April to September 2026, profit was Rs 55.65 crore against Rs 123.88 crore a year earlier, and production fell to 13.78 million tonnes from 15.75 million tonnes.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Siddharth Verma, Business CorrespondentCovers Business and more for Peepals Bharat. All stories by Siddharth Verma
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Siddharth Verma is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
