Shares of Bharat Coking Coal Ltd. declined 7% in early trade on Wednesday, July 22, after the Coal India subsidiary swung to net loss in the April-June quarter of fiscal 2026-27 (Q1FY27). This comes as the domestic stock market trades amid weak global cues. The Indian equity benchmarks opened lower, extending Tuesday's declines. The NSE Nifty 50 benchmark fell as much as 0.7% to 24,016, while the BSE Sensex fell as much as 609 points or 0.8% to 78,861 after the opening bell.
On Wednesday, shares of Bharat Coking Coal opened at Rs 36.07 against a previous close of Rs 37.51 and extended losses by upto 7% to hit an intraday low of Rs 34.40 apiece on the NSE. The stock last traded 6.93% lower at Rs 34.94 apiece on the NSE. This compares to a decline 0.6% in the Nifty 50 benchmark. The stock has shed 16% in one month and 14% on a year-to-date basis. The coal mining subsdiary commands a market cap of Rs 16,294.84 crore, as per NSE data.
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Bharat Coking Coal Share Price Intraday
Bharat Coking Coal Q1 Results
The Coal India subsidiary reported a net loss of Rs 68 crore compared to a net profit of Rs 177 crore last fiscal. Its other income declined 25% to Rs 136 crore from Rs 182 crore in the year-ago period, while other expenses went up by 13% at Rs 1,233 crore in the first quarter from Rs 1,089 crore last year.
Bharat Coking Coal's June quarter revenue declined by 4% from last year to Rs 3,587 crore from Rs 3,720 crore earlier. Offtake was down by 14% on a year-on-year basis to 7.72 MT from 8.98 MT. The company's sales per tonne saw growth of 12% from the year-ago quarter to Rs 4,647 from Rs 4,142.
EBITDA margins were a negative 1.8% from a positive 5.1% during the June quarter last year. Bharat Coking Coal reported an earnings before interest, taxes, depreciation and amortization (EBITDA) loss of ₹64.5 crore compared to a positive EBITDA of 191 crore last year.
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