Bharat Coking Coal Posts Rs 124 Crore Q2 Profit as Revenue Jumps 39%

Bharat Coking Coal Ltd. Swung to a net profit of Rs 124 crore for the second quarter of financial year 2026-27, reversing a Rs 53 crore loss a year earlier, with revenue rising 39% year-on-year to Rs 4,413 crore. NDTV Profit reported the results, which the company filed with the exchanges on Monday.

Bharat Coking Coal's Q2 Profit and Revenue

Bharat Coking Coal is a Coal India subsidiary that mines coking and PCI coal. The company's revenue climbed to Rs 4,413 crore from Rs 3,173 crore in the preceding fiscal, according to the NDTV Profit report. Zee Business put net profit at Rs 123.74 crore against a Rs 52.99 crore loss a year earlier, and revenue at Rs 4,412.58 crore, a 39.38% increase. Zee Business also reported earnings per share of Rs 0.27, compared with a loss of Rs 0.11, and raw coal production of 7.22 million tonnes.

The swing follows a weak first quarter. Bharat Coking Coal reported a net loss of Rs 68 crore for the June quarter, against a net profit of Rs 177 crore a year earlier, NDTV Profit said. June quarter revenue declined 4% to Rs 3,587 crore from Rs 3,720 crore, and offtake fell 14% year-on-year to 7.72 million tonnes from 8.98 million tonnes. Sales per tonne rose 12% to Rs 4,647 from Rs 4,142, while Ebitda margins were negative 1.8%, compared with positive 5.1% a year earlier.

Fines, Auditor Appointment and Output Data

BSE and NSE fined Bharat Coking Coal Rs 22.25 lakh each in September 2026 for Q1FY27 board composition lapses, including a missing woman director and weak independent director strength, ScanX reported. The penalties brought cumulative fines to Rs 37.35 lakh. The same month, the company appointed H C O & CO. As statutory auditor for FY27 and authorized washed MCC and PCC sales under CIL e-Auction, with pricing set at 5% over Import Parity Price and volume limited to 18 rakes in Q3-Q4FY27, according to ScanX.

Bharat Coking Coal reported total raw coal production of 2.21 million tonnes in August 2026, a 0.2% year-on-year dip, ScanX said. Coking coal output rose 2.8% to 2.18 million tonnes, while non-coking coal fell 65.9% to 0.03 million tonnes.

Coking Coal Peers Report Mixed Quarter

Morgan Stanley raised its target price for China Hongqiao to HK$29.70 from HK$28.60 with an Overweight rating in a Q4 outlook for China's traditional materials sector, favoring copper, gold and coking coal, Moomoo reported on October 21, 2026. Yancoal Australia's Q3 2026 earnings call was live the same day, TradingView reported. Mongolian Mining Corporation reported coking coal output down 26% year-on-year for the quarter ended September 30, 2026, with gold sales up 3,366%, GlobeNewswire reported on October 16, 2026.

Washed Coal Sales Under CIL e-Auction

The company's authorization covers washed MCC and PCC sales under CIL e-Auction, with volume limited to 18 rakes in Q3-Q4FY27, as stated in the September 2026 ScanX report.