Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, reported a turnaround in its second-quarter financial performance for FY27, posting a net profit of ₹123.74 crore for the quarter ended September 30, 2026. The company had reported a net loss of ₹52.99 crore in the corresponding quarter of the previous financial year.
Revenue from operations increased to ₹4,412.58 crore in Q2 FY27 from ₹3,173.25 crore in Q2 FY26, registering year-on-year growth of approximately 39.1%.
The improvement in financial performance was accompanied by higher coal production and increased offtake volumes during the quarter.
Bharat Coking Coal Q2 Results : Key Financial Highlights
- Net profit: ₹123.74 crore, compared with a net loss of ₹52.99 crore in Q2 FY26.
- Revenue from operations: ₹4,412.58 crore, up 39.1% year-on-year from ₹3,173.25 crore.
- Coal production: 7.22 million tonnes, compared with 6.71 million tonnes a year earlier.
- Coal offtake: 8.89 million tonnes, compared with 8.11 million tonnes in the corresponding quarter last year.
- Operating profit (EBITDA): Approximately ₹200 crore, with an EBITDA margin of around 4.5%.
The financial figures indicate an improvement in the company’s quarterly performance compared with the year-ago period.
Coal Production and Offtake Improve
Bharat Coking Coal recorded coal production of 7.22 million tonnes during Q2 FY27, an increase of approximately 7.6% compared with 6.71 million tonnes in the same quarter last year.
Coal offtake increased by around 9.6% year-on-year to 8.89 million tonnes from 8.11 million tonnes.
Offtake represents the quantity of coal supplied to customers. Growth in offtake can provide an indication of dispatch activity and demand for the company’s output.
The increase in production and offtake volumes coincided with higher revenue during the September quarter.
Company Moves Back Into Profit
BCCL’s return to profitability marks a significant improvement compared with the loss recorded in Q2 FY26. Revenue growth and higher coal volumes supported the company’s quarterly performance.
However, profitability also depends on factors such as coal prices, the product mix, operating costs and the expenses associated with mining operations. The company’s EBITDA margin of approximately 4.5% highlights the importance of monitoring operating profitability alongside revenue growth.
What to Watch in the Coming Quarters
Investors and market observers will be watching coal production, offtake volumes, revenue realisation and operating margins in the coming quarters.
The company’s half-year performance is also relevant because higher quarterly production does not necessarily mean that production has increased for the full six-month period. Production and offtake trends across the first half of FY27 should therefore be assessed separately.
Conclusion
Bharat Coking Coal Limited reported a net profit of ₹123.74 crore in Q2 FY27, compared with a loss of ₹52.99 crore a year earlier. Revenue from operations rose 39.1% to ₹4,412.58 crore, while coal production and offtake volumes also increased year-on-year.
The company’s performance in the coming quarters will depend on its ability to sustain coal volumes, manage operating costs and maintain profitability.
Source: Bharat Coking Coal Limited’s exchange filing; NSE/BSE corporate announcements.
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