Bharat Coking Coal reported a net loss of ₹68.09 crore for the first quarter ended June 30, 2026, marking a sharp reversal from the net profit of ₹176.87 crore recorded in the same period last year. The financial deterioration was primarily driven by a significant decline in coal production and off-take, coupled with rising operational costs that outpaced revenue generation.

Operational Contraction Drives Loss

The company faced a broad-based contraction in operational metrics during the quarter. Coal production dropped 27.43% to 6.56 million tonnes (MT) from 9.04 MT in Q1FY26, while off-take decreased 14.03% to 7.70 MT. Overburden removal also declined by 34.68% to 31.87 million cubic meters. This reduction in sales volume directly impacted revenue, with outside dispatch falling from 8.83 MT to 7.81 MT.

Revenue from operations fell 3.56% year-on-year to ₹3,587.27 crore. However, total expenditure increased by 4.70% to ₹3,826.31 crore, widening the gap between income and costs. The pre-tax loss stood at ₹103.07 crore, compared to a pre-tax profit of ₹247.40 crore in the corresponding period of the previous year.

Financial Metrics and Profitability

The erosion in profitability was evident across key financial indicators. EBITDA for the quarter stood at ₹71.50 crore, a substantial decrease from ₹373.28 crore in the corresponding quarter of the previous year. The EBITDA margin contracted to 1.92% of total income from 5.26% a year ago.

Cost pressures intensified, with the cost per tonne rising to ₹3,375.04 from ₹2,975.84, while sales per tonne remained relatively flat at ₹3,243.13 compared to ₹3,256.15. Earnings per share (EPS) turned negative, recording a basic and diluted EPS of ₹(0.15), down from ₹0.38 in Q1FY26.

Cost Increases and Capital Expenditure

Several expense categories saw significant increases, impacting the bottom line. Finance costs surged 84.40% to ₹48.33 crore due to the availment of working capital and bank overdraft facilities. Depreciation and amortization expenses rose 26.66% to ₹126.24 crore.

Despite the financial headwinds, the company continued its capital expansion, incurring a capex of ₹487.34 crore during the quarter, significantly higher than the ₹182.02 crore spent in the same period last year. The capex target for the financial year 2026-27 is set at ₹1,000 crore. The results were approved by the Board of Directors on July 21, 2026, and reviewed by the Statutory Auditor as per Regulation 33 of SEBI (LODR) Regulations, 2015.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE05XR01022/8d684c62-a27e-420e-ab4a-a883eddc4cd7.pdf

Bharat Coking Coal Limited has announced that its 55th Annual General Meeting (AGM) will be held on Friday, August 7, 2026, at 10:00 A.M. (IST) through video conferencing and other audio-visual means. The meeting is being conducted in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Registered Office of the company in Dhanbad, Jharkhand, will be deemed the venue for the meeting.

The Notice of the AGM and the Annual Report for FY 2025-26 have been sent electronically to members and are also available on the company's website and the website of National Securities Depository Limited (NSDL). To facilitate shareholder participation, the company has provided a remote e-voting facility through NSDL.

The remote e-voting period will commence on Tuesday, August 4, 2026, at 9:00 A.M. (IST) and end on Thursday, August 6, 2026, at 5:00 P.M. (IST). Members holding shares as on the cut-off date of Friday, July 31, 2026, are entitled to cast their votes electronically. Members attending the AGM through video conferencing who have not cast their vote via remote e-voting may vote during the meeting using the e-voting facility.

Key Event Dates

Detailed instructions regarding participation in the AGM and the remote e-voting process are provided in the Notice of the 55th AGM, which forms part of the Annual Report 2025-26 available on the company's website.