Bharat Coking
Bharat Coking Q2 Results 2026 (FY27): Revenue ₹3,274.70 Cr, PAT ₹123.74 Cr
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
Based on Bharat Coking's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Q2 2026-27 Revenue & Sales: - Total sales volume: 8.93 MT (Million Tons), up from 8.03 MT in Q2 2025-26 (+11.1%) - Total net sales: ₹3,274.70 crore, up from ₹2,386.41 crore (+37.2%) - Average realization per ton: ₹3,668.20, up from ₹2,972.61 (+23.4%) - Increased sales driven by higher outside dispatch and price rise (Washed coal price rose from ₹9,437/Te to ₹12,681/Te) - Recognition of Price Incentive (PI) & Compensation of ₹386.95 crore in current period; none in prior year - Q2 Revenue from Operations: - ₹4,412.58 crore vs ₹3,173.25 crore in Q2 2025-26 (+39.06%) - Volume outlook: - No explicit forward outlook for revenue or volumes is stated in the presentation beyond targets and CAPEX plans. Q2 2026-27 EBITDA: ₹358.87 crores, up from ₹86.65 crores in Q2 2025-26, a significant increase.
From Bharat Coking's Q2 FY27 earnings-call transcript · updated 25 Oct 2026.
Revenue & Sales Performance
- Q2 2026-27 Revenue & Sales:
- Total sales volume: 8.93 MT (Million Tons), up from 8.03 MT in Q2 2025-26 (+11.1%)
- Total net sales: ₹3,274.70 crore, up from ₹2,386.41 crore (+37.2%)
- Average realization per ton: ₹3,668.20, up from ₹2,972.61 (+23.4%)
- Increased sales driven by higher outside dispatch and price rise (Washed coal price rose from ₹9,437/Te to ₹12,681/Te)
- Recognition of Price Incentive (PI) & Compensation of ₹386.95 crore in current period; none in prior year
- Q2 Revenue from Operations:
- ₹4,412.58 crore vs ₹3,173.25 crore in Q2 2025-26 (+39.06%)
- Volume outlook:
- No explicit forward outlook for revenue or volumes is stated in the presentation beyond targets and CAPEX plans.
2 more points from Bharat Coking's call on revenue
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Profitability & Margins
- Q2 2026-27 EBITDA: ₹358.87 crores, up from ₹86.65 crores in Q2 2025-26, a significant increase.
- Operating Margin (Revenue from Operations): Revenue ₹4,412.58 crores vs. Operating Expenses ₹4,385.37 crores, operating margin approximately 0.61% ((4,412.58 - 4,385.37)/4,412.58).
- Profit After Tax (PAT): ₹123.74 crores for Q2 2026-27 vs. a loss of ₹52.99 crores in Q2 2025-26, indicating a strong turnaround.
- Year-on-Year Change:
- EBITDA increased by ₹272.22 crores (Q2 2026-27 vs Q2 2025-26).
- PAT improved by ₹176.73 crores.
2 more points from Bharat Coking's call on margins
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Capital Expenditure Plans
- CAPEX target for FY 2026-27 is ₹1000 crore.
- H1 FY 2026-27 CAPEX actual: ₹630.77 crore; Q2 FY 2026-27 CAPEX actual: ₹143.44 crore.
- Major CAPEX spent on Plant & Machinery (₹168.45 crore H1), Development (₹36.92 crore H1), and increase in Capital Advance & Surveyed Off Assets (₹373.64 crore H1).
- Bhojudih Washery (2.0 MT capacity) started commercial operations from 26-05-2026, increasing total washing capacity to 17.35 MT (including 1.70 MT TSL).
- Maheshpur Rapid Loading System (RLS) Project became operational on 20-09-2026 with a capacity of 5.0 MT per year (first FMC project).
- Joint development MOU signed with SAIL for Kalyaneshwari Block with peak rated capacity 4.0 MTPA.
2 more points from Bharat Coking's call on capex
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Fundraising & Capital Structure
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Bharat Coking — Quarterly revenue & net profit
Q2 FY27 figures are not in this chart yet. Latest shown: Jun 2026 (Q1 FY27). The Q2 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹3.6K Cr, net loss ₹68 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Bharat Coking Coal Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Bharat Coking Q2 FY27 results?
Q2 2026-27 Revenue & Sales: - Total sales volume: 8.93 MT (Million Tons), up from 8.03 MT in Q2 2025-26 (+11.1%) - Total net sales: ₹3,274.70 crore, up from ₹2,386.41 crore (+37.2%) - Average realization per ton: ₹3,668.20, up from ₹2,972.61 (+23.4%) - Increased sales driven by higher outside dispatch and price rise (Washed coal price rose from ₹9,437/Te to ₹12,681/Te) - Recognition of Price Incentive (PI) & Compensation of ₹386.95 crore in current period; none in prior year - Q2 Revenue from Operations: - ₹4,412.58 crore vs ₹3,173.25 crore in Q2 2025-26 (+39.06%) - Volume outlook: - No explicit forward outlook for revenue or volumes is stated in the presentation beyond targets and CAPEX plans. Q2 2026-27 EBITDA: ₹358.87 crores, up from ₹86.65 crores in Q2 2025-26, a significant increase.
What is Bharat Coking share price analysis?
Bharat Coking currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹13,859 Cr. Investors should review the full earnings analysis for detailed insights.
Is Bharat Coking planning capital expenditure?
CAPEX target for FY 2026-27 is ₹1000 crore.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.