The Coal India subsidiary which announced its first earnings since its listing last month, reported a 25% drop in its Q3FY26 revenue at Rs 2,783 crore compared to Rs 3,688 crore in the year ago period.
The losses narrowed sequentially from Rs 53 crore in Q2FY26, thanks to an 8.3% quarter-on-quarter growth in company’s topline from Rs 2,572 crore in the July-September quarter of FY26.
The company’s expenses in the quarter under review stood at Rs 2,922 crore versus Rs 3,090 crore in Q2FY26 and Rs 3,242 crore in Q3FY25. They were down 5% sequentially and 10% on a YoY basis.
The expenses were incurred under heads including cost of Materials consumed, employee benefits and finance cost among other things.
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BCCL’s shares today ended 2.3% lower, largely hit by weak earnings even as the stock markets remained buoyant on the US-India trade deal.
The stock made a stellar debut on the exchanges, getting listed at Rs 45.21 on the BSE, a 97% premium over the issue price of Rs 23. Though it has slipped below the listing price it is still trading 60% up over the issue price.The Rs 1,071 crore IPO was entirely an offer for sale (OFS) by promoter Coal India Limited, and received an overwhelming response from investors. The issue was subscribed 147 times overall, driven by strong demand across institutional, non-institutional and retail categories. Before the listing, Bharat Coking Coal was valued at Rs 10,711 crore.
The IPO opened for subscription between January 9 and January 13, and saw particularly strong interest from non-institutional investors, while qualified institutional buyers also subscribed their portion multiple times over. Retail participation was robust, reflecting broad-based appetite for a rare pure-play coking coal producer.
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