BCCL shares tumble 4% after posting Rs 23 crore loss in Q3
Shares of Bharat Coking Coal will be in focus after the Coal India arm reported a Rs 23 crore net loss in its first earnings since listing, against a profit a year ago. Revenue fell 25% YoY, though losses narrowed sequentially on higher sales and ...
By ETMarkets.com | Updated:
Shares of Bharat Coking Coal Limited (BCCL) fell 4.22% to Rs 37.06 during Wednesday’s trading session, following the Coal India subsidiary’s report of a standalone net loss of Rs 23 crore for the quarter ending December 31, 2025. This compares with a net profit of Rs 425 crore in the same quarter last year. The loss, attributable to the company’s owners, represents BCCL’s first earnings report since its listing last month.
Revenue for Q3FY26 declined 25% year-on-year (YoY) to Rs 2,783 crore from Rs 3,688 crore in the year-ago period. On a sequential basis, however, the loss narrowed from Rs 53 crore in Q2FY26, supported by an 8.3% quarter-on-quarter (QoQ) increase in revenue from Rs 2,572 crore in the July-September quarter.
Total expenses during the quarter stood at Rs 2,922 crore, lower than Rs 3,090 crore in Q2FY26 and Rs 3,242 crore in Q3FY25, reflecting a 5% sequential decline and a 10% reduction year-on-year. Expenses were largely incurred on materials consumed, employee benefits and finance costs, among other heads.
The stock had made a strong debut on the exchanges, listing at Rs 45.21 on the BSE, a 97% premium over its issue price of Rs 23. While the shares have since slipped below the listing price, they continue to trade around 60% above the issue price.
The Rs 1,071 crore IPO of Bharat Coking Coal saw one of the strongest subscription responses in India’s primary market in recent years, attracting bids worth over Rs 1.1 lakh crore.
Exchange data showed that investors bid for 50,93,16,75,600 shares at the upper end of the price band of Rs 23, translating into a total bid value of about Rs 1.17 lakh crore.
The IPO was entirely an offer for sale by promoter Coal India. Post listing, promoter shareholding has reduced to about 90% from 100%, improving public float while retaining government control.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Revenue for Q3FY26 declined 25% year-on-year (YoY) to Rs 2,783 crore from Rs 3,688 crore in the year-ago period. On a sequential basis, however, the loss narrowed from Rs 53 crore in Q2FY26, supported by an 8.3% quarter-on-quarter (QoQ) increase in revenue from Rs 2,572 crore in the July-September quarter.
Total expenses during the quarter stood at Rs 2,922 crore, lower than Rs 3,090 crore in Q2FY26 and Rs 3,242 crore in Q3FY25, reflecting a 5% sequential decline and a 10% reduction year-on-year. Expenses were largely incurred on materials consumed, employee benefits and finance costs, among other heads.
The stock had made a strong debut on the exchanges, listing at Rs 45.21 on the BSE, a 97% premium over its issue price of Rs 23. While the shares have since slipped below the listing price, they continue to trade around 60% above the issue price.
The Rs 1,071 crore IPO of Bharat Coking Coal saw one of the strongest subscription responses in India’s primary market in recent years, attracting bids worth over Rs 1.1 lakh crore.
Exchange data showed that investors bid for 50,93,16,75,600 shares at the upper end of the price band of Rs 23, translating into a total bid value of about Rs 1.17 lakh crore.
ADVERTISEMENT
The IPO was entirely an offer for sale by promoter Coal India. Post listing, promoter shareholding has reduced to about 90% from 100%, improving public float while retaining government control.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Coal India supply to power sector rises 5.9% in JuneADVERTISEMENT
