Bharat Coking Coal Share Price Fall 5% After Q4 FY26 Results: Net Profit Fell 59%, Revenue Declined 15%

Bharat Coking Coal, a subsidiary of Coal India Limited, dropped more than 5% in early trade on Thursday after the company announced weak Q4 FY26 results.

The stock fell to ₹34.05 on the BSE during morning trade.

Bharat Coking Coal Net Profit Drops Sharply in Q4 FY26 Results

The company reported a 59% fall in net profit to ₹27.28 crore in Q4 FY26, compared to ₹66.5 crore in the same quarter last year.

Revenue also declined:

• Revenue fell 15% YoY to ₹3,282.95 crore
• Coal offtake dropped to 7.22 MT from 9.88 MT last year
• Full-year offtake fell to 33.05 MT, down from 38.3 MT in FY25

Operating Performance Turns Weak

Operating performance weakened significantly in the March quarter.

Key highlights:

• EBITDA turned into a loss of ₹335 crore, compared to a profit of ₹62 crore last year
• Stripping activity adjustment showed a debit of ₹80.4 crore, versus a credit of ₹393 crore in the previous year

Pricing Changes And Board Approvals

The board approved revisions in pricing and charges.

Key decisions:

• Revised washed coking coal prices for Q1 FY27 under its MoU with Steel Authority of India Limited (SAIL)
• New prices from April 1, 2026:
  • Washed Prime Coking Coal: ₹13,403 per MT
  • Washed Medium Coking Coal: ₹10,937 per MT
• Revision of evacuation charges for washery products
• Waiver of performance incentive and discounts for power consumers lifting beyond contracted quantity

Bharat Coking Coal Share price performance

Bharat Coking Coal share price (NSE: BHARATCOAL) was trading at ₹34.20 on 23 April at 12:20 pm, down ₹1.62 or 4.52% for the day. The stock opened at ₹34.60, touched a high of ₹35.10 and a low of ₹33.91 during the session. 

Despite the recent fall:

• Stock gained over 6% in 1 month
• Declined over 7% in 3 months
• Shares are down 25% from listing price

The company made a strong market debut on 19 January 2026, listing at ₹45.21, a 96.5% premium to the IPO price of ₹23.

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Conclusion

Weak quarterly earnings, lower offtake, and an EBITDA loss weighed on investor sentiment, causing the stock to fall sharply. 

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