Bharat Coking Coal shares rise 5% after Q2 profit turnaround

Bharat Coking Coal shares rose 5.15% to Rs 31.29 on October 26, 2026, after the company returned to profitability in the September quarter. Profit after tax reached Rs 123.7 crore in Q2 FY27, compared with a loss of Rs 53 crore a year earlier, while revenue from operations increased 39%.

Key Takeaways

• September-quarter revenue reached Rs 4,412.58 crore, accompanying a return to profit.
• Quarterly production and coal offtake improved both year on year and sequentially.
• First-half volumes remained below year-earlier levels despite the second-quarter recovery.

Table of Contents

• Bharat Coking Coal returns to quarterly profit
• Quarterly volume recovery leaves a first-half shortfall
• Share rally follows a weaker three-month stretch
• Conclusion

Bharat Coking Coal returns to quarterly profit

Revenue from operations rose from Rs 3,173.25 crore in the September 2025 quarter to Rs 4,412.58 crore in the three months ended September 30, 2026. The shift from loss to profit represented a Rs 176.7 crore improvement in the bottom line.

The company is a Coal India subsidiary. The Ministry of Coal’s overview of Coal India and its subsidiaries identifies Bharat Coking Coal within the group, providing institutional background rather than verification of the latest earnings figures.

The results show stronger revenue alongside improved physical volumes. The available figures do not provide a detailed cost or pricing breakdown explaining the profit turnaround.

Quarterly volume recovery leaves a first-half shortfall

Coal production reached 7.22 million tonnes in the September quarter, up from 6.71 million tonnes a year earlier and 6.56 million tonnes in the June 2026 quarter.

Offtake increased to 8.89 million tonnes, compared with 8.11 million tonnes in the September 2025 quarter and 7.72 million tonnes in the preceding quarter.

However, the quarterly improvement did not fully offset the weaker first-half comparison. Both production and offtake for April–September 2026 remained below their corresponding FY26 levels, distinguishing the recent recovery from the broader six-month performance.

Share rally follows a weaker three-month stretch

Despite the October 26 advance, Bharat Coking Coal shares were still down around 11% over the preceding three months. The quoted Rs 31.29 price was also below the stock’s 52-week high of Rs 45.09; the available price update does not establish a closing level.

Foreign institutional investors and mutual funds both reduced their holdings during the September 2026 quarter. Those ownership changes cover the quarter and should not be treated as evidence of who bought or sold during the October 26 rally.

Conclusion

Bharat Coking Coal’s September quarter marked a return to profit and stronger volumes, but first-half activity still lagged the previous year. Subsequent operating updates will show whether the quarterly recovery continues; the supplied information gives no date for the next release.

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