Bharat Coking Coal share price plummets 7% on reporting ₹22.8 crore loss in December quarter; check details

The stock slumped as much as 6.74% to hit a low of ₹36.10 on the NSE.

The company, which announced its first quarterly results post its market debut last month, had reported a profit of ₹424.99 crore in the year-ago period.

BCCL, one of the largest coking coal producers in the country, reported a decline in income to ₹2,853.24 crore in the October-December period from ₹3,756.86 crore in the year-ago period, the company said in a filing to BSE.

The mini ratna company made a strong debut on the stock exchanges on January 19, 2026, with a premium of more than 95% on both the stock exchanges against the issue price of ₹23.

The IPO also made history with a subscription of 146.8 times.

The coal production of BCCL in the first nine months of the current financial year declined to 24.65 million tonnes (MT) against 29.06 MT produced in the year-ago period.

Established with a mandate to mine and supply high-grade coking coal, BCCL plays a pivotal role in fuelling the nation's steel sector, which relies heavily on our coal for production and manufacturing processes.

The company manages an extensive network of open-cast and underground mines across Jharkhand and West Bengal, with a particular focus on the Jharia Coalfield. By using advanced mining practices and technologies, BCCL not only maximises production but also works to contain and mitigate Jharia fires, protecting surrounding communities and the environment.

Other details

In its investor presentation, BCCL said that the PB Project MDO mine was inaugurated on July 8, 2025, on a revenue-sharing model where the company receives 6% of the revenue. Contribution to the production till Dec’25 stood at 11644 Te.

The solar power generation capacity added during the current financial year stood at 3.88 MW, making the total capacity 27.97 MW. Further, a 25 MW capacity addition is in the pipeline.

Coal India upgrades pay scale of executives

In separate news, state-owned Coal India Ltd (CIL) has upgraded the pay scale of its executives up to the mid-level, with notional effect from January 1, 2017, the company said in a regulatory filing.

The financial impact of the pay revision will, however, be payable prospectively from August 23, 2023, it said.

According to the filing late on Monday, the total estimated financial impact of the upgrade for the period up to December 31, 2026, is approximately ₹3,400 crore.