Bharat Coking Coal Ltd

Q3 FY26Consumable Fuels

Bharat Coking Coal Q3 FY26: Revenue ₹2,584.77 Cr, PAT ₹424.99 Cr

Q3 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹32

Market cap₹15.2K Cr

Updated25 Sept 2026

Read4 min read

Based on Bharat Coking Coal Ltd's Q3 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q3 2025-26 sales (net of levies): ₹2,584.77 crore vs ₹3,466.59 crore in Q3 2024-25, a decrease of ₹881.82 crore (-25.44%). Q3 EBITDA: ₹104.16 Crores (down from ₹634.73 Crores in Q3 24-25) - YoY Change: Decrease of ₹530.57 Crores (~-83.6%) - Operating Margin (EBITDA %) Q3: - Total Income Q3 25-26: ₹2,853

From Bharat Coking Coal Ltd's Q3 FY26 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Q3 2025-26 sales (net of levies): ₹2,584.77 crore vs ₹3,466.59 crore in Q3 2024-25, a decrease of ₹881.82 crore (-25.44%).
Volume dispatched reduced from 9.78 million tonnes (MT) to 8.48 MT (-13.32%).
Net sales per ton: ₹3,047 in Q3 25-26 vs ₹3,544 in Q3 24-25.
Total raw coal volume declined from 8.45 MT to 7.29 MT.
Total income for Q3 2025-26: ₹2,853.24 crore vs ₹3,756.86 crore previous year (-24.05%).

2 more points management made on revenue & sales performance

Profitability & Margins

Q3 EBITDA: ₹104.16 Crores (down from ₹634.73 Crores in Q3 24-25)
YoY Change: Decrease of ₹530.57 Crores (~-83.6%)
Operating Margin (EBITDA %) Q3:
Total Income Q3 25-26: ₹2,853.24 Crores
EBITDA Margin = (EBITDA/Total Income) × 100 = (104.16 / 2853.24) × 100 ≈ 3.65%
Previous year EBITDA Margin = (634.73 / 3756.86) × 100 ≈ 16.9%
Profit After Tax (PAT) Q3:
PAT Q3 25-26: ₹(22.88) Crores (Loss)
PAT Q3 24-25: ₹424.99 Crores (Profit)

2 more points management made on profitability & margins

See what Bharat Coking Coal Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

CAPEX target for FY 2025-26 is ₹975 crore (Page 16).
Actual CAPEX for 9M 2025-26 is ₹510.68 crore, compared to ₹826.53 crore in 9M 2024-25 (Page 16).
Key asset heads for 9M 2025-26 CAPEX include:
Plant & Machinery (incl. Railway Siding & SILO): ₹182.92 crore
Solar Projects: ₹50.06 crore (total solar capacity increased by 3.88 MW during FY, totaling 27.97 MW; 25 MW addition planned) (Pages 4,16)
Development: ₹102.44 crore
Building: ₹62.50 crore
Telecommunication: ₹42.24 crore

2 more points management made on capital expenditure plans

Fundraising & Capital Structure

The presentation does not explicitly mention any new fundraising through debt or equity during the period.
Trade receivables increased significantly, notably from DVC and some other customers, indicating increased credit sales or slower collections but not direct borrowings.
Finance cost rose significantly (180.63% in Q3 and 118.46% in 9M), attributed primarily to increased utilization of Working Capital and Bank Overdraft facilities to meet funding requirements.
Current ratio declined from 1.19 to 0.94, suggesting tighter liquidity position.
No direct disclosure on changes in total borrowings or net debt levels is provided.

2 more points management made on fundraising & capital structure

See what Bharat Coking Coal Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not explicitly report any figures or details on order book, order inflow, or pending orders. The document focuses primarily on: - Financial results and variance analysis for Q3 and 9M periods ended 31st December 2025. - Physical and operational performance (coal production, off-take, OB removal). - Key financial performance indicators (EBITDA, PAT, ROCE, EPS). - CAPEX details. - Aging and analysis of trade receivables.

2 more points management made on order book & pipeline

Bharat Coking Coal Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹3.3K Cr, net profit ₹27 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Bharat Coking Coal Ltd Q3 FY26 results?

What is Bharat Coking Coal Ltd share price analysis?

Bharat Coking Coal Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹15,224 Cr. Investors should review the full earnings analysis for detailed insights.

Is Bharat Coking Coal Ltd planning capital expenditure?

CAPEX target for FY 2025-26 is ₹975 crore (Page 16). - Actual CAPEX for 9M 2025-26 is ₹510.68 crore, compared to ₹826.53 crore in 9M 2024-25 (Page 16). - Key asset heads for 9M 2025-26 CAPEX include: - Plant & Machinery (incl.

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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.