Bharat Coking Coal Limited , a Mini Ratna company under Coal India Limited, has published its audited financial results for the quarter and year ended March 31, 2026, in multiple newspapers across the country. The publication appeared in The Hindu (Chennai, Delhi & Mumbai editions), Indian Express (Delhi & Mumbai editions), The Telegraph (Kolkata edition), The Times of India (Ranchi edition), and Dainik Jagran (Dhanbad edition) on April 24, 2026, as per Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's financial results reveal a challenging fiscal year with significant declines across key metrics. Total income from operations for FY26 reached ₹14,924.26 crore, marking a decrease from ₹16,516.29 crore recorded in FY25.

Quarterly Results Analysis

The fourth quarter performance showed improvement compared to the previous quarter but remained below the corresponding period of FY25. Net profit after tax for Q4 FY26 stood at ₹27.28 crore versus ₹66.50 crore in Q4 FY25.

Capital Structure and Shareholding

The company maintained a stable capital structure with equity share capital remaining constant at ₹4,657.00 crore throughout the reporting periods. Each share carries a face value of ₹10. Other equity decreased to ₹1,121.80 crore in FY26 from ₹1,805.73 crore in FY25.

Regulatory Compliance and Governance

The financial results were reviewed and recommended by the Audit Committee before approval by the Board of Directors at their meeting held on April 22, 2026. The results comply with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and have been audited by statutory auditors as required.

The company has prepared its financial statements in accordance with the Companies (Indian Accounting Standards) Rules, 2015 prescribed under section 133 of the Companies Act, 2013. Detailed financial results are available on stock exchange websites and the company's official website at www.bcclweb.in .

Bharat Coking Coal Limited has announced its audited financial results for the fourth quarter and financial year ended March 31, 2026. The board meeting held on April 22, 2026, approved the standalone financial results along with several key business decisions including price revisions for washed coking coal products.

Financial Performance Overview

The company's financial performance showed significant deterioration in Q4 FY26. Revenue declined to ₹32.8 billion compared to ₹38.65 billion in the corresponding quarter of the previous year, marking a substantial year-on-year decline. The operational performance deteriorated significantly with EBITDA turning negative at a loss of ₹3.35 billion compared to a gain of ₹620 million in Q4 FY25.

For the full year FY26, the company recorded a profit of ₹128.28 crore, significantly lower than ₹1,240.19 crore in FY25, marking a decline of approximately 90%. Total income for the year declined to ₹14,924.26 crore from ₹16,516.29 crore in the previous year.

Operational Metrics and Production

The company's operational performance reflected the challenging market conditions. Raw coal production for Q4 FY26 was 10.87 million tonnes compared to 11.44 million tonnes in Q4 FY25. Offtake for the quarter was 7.22 million tonnes against 9.88 million tonnes in the previous year.

For the full year FY26, raw coal production stood at 35.52 million tonnes compared to 40.50 million tonnes in FY25, while offtake was 33.05 million tonnes against 38.26 million tonnes in the previous year.

Price Revisions and Business Decisions

The board approved price revisions for washed coking coal effective from April 1, 2026, for Q1 of FY 2026-27. The basic price has been set at ₹13,403 per MT for Washed Prime Coking Coal and ₹10,937 per MT for Washed Medium Coking Coal. Additionally, the board approved revised evacuation charges for washery products: ₹731/₹878 per MT for Washed Coal @ 65%, ₹225/₹270 per MT for Washed Power Coal @ 20%, and ₹169/₹202 per MT for Rejects/Slurry @ 15%.

The board also approved the waiver of Performance Incentive and Discount in Price to Power Consumers (up to 10% in various slabs) for lifting beyond 100% of Annual Contracted Quantity.

Balance Sheet and Cash Flow Position

As of March 31, 2026, the company's total assets stood at ₹20,585.35 crore, up from ₹17,283.48 crore in the previous year. Total equity was ₹5,778.80 crore, while total liabilities amounted to ₹14,806.55 crore. Cash and cash equivalents increased to ₹367.09 crore from ₹167.54 crore at the end of FY25.

Auditor's Report and Key Observations

Nag & Associates, Chartered Accountants, issued an unmodified opinion with emphasis of matter on several points including the revision of accounting treatment for Input GST on capital goods from FY 2025-26, ongoing physical verification of store items, and pending reconciliations of certain debit/credit balances. The auditors also noted changes in the accounting treatment of levies on coal production and sales, with the company now treating certain levies as principal rather than agency collections.