Shares of Bharat Coking Coal fell sharply in Wednesday’s session, February 4, sliding nearly 5% after the company reported a weak operational performance for the December quarter (Q3 FY26).
The stock was trading at Rs 36.81, down 4.91% or Rs 1.90, on the NSE around 9:20 AM IST, as investors reacted to lower production and a steep fall in profitability despite improvement in revenue.
Q3 FY26 financial performance
Bharat Coking Coal reported a net loss contraction of around 57% quarter-on-quarter, with the loss narrowing compared to the Rs 52.99 crore net loss recorded in the September quarter.
Revenue from operations rose nearly 25% year-on-year to Rs 2,783 crore during the quarter under review. However, expenses stood higher than revenue at Rs 2,922.34 crore, although they declined around 10% YoY.
Sharp fall in EBITDA and production miss
Operational performance remained under pressure. EBITDA plunged nearly 84% to Rs 104.16 crore in Q3, reflecting weak realizations and lower volumes.
Coal production declined around 11% YoY to 8.90 million tonnes, significantly missing the company’s targeted output of 11.27 million tonnes for the quarter.
Market reaction
The sharp decline in EBITDA and the production shortfall appear to have outweighed the improvement in revenue and narrowing of losses, triggering selling pressure in the stock during Wednesday’s session.
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