Financial Performance FY 2025-26
Bharat Coking Coal Limited reported a significant 90% decline in net profit to ₹128.28 crore (from ₹1,240.19 crore in FY25) on total income of ₹14,924.26 crore, which decreased 9.64% year-over-year. Revenue from operations stood at ₹13,644.78 crore while other income contributed ₹1,279.48 crore. Earnings per share dropped to ₹0.28 from ₹2.66 in the previous year.
Operational Performance
The company experienced a 12.30% decline in raw coal production to 35.52 million tonnes (underground: 0.81 million tonnes, opencast: 34.71 million tonnes) and a 13.57% decrease in coal offtake to 33.06 million tonnes. Washed coking coal production reached 1.62 million tonnes. Employee benefits expense constituted 43.61% of total costs at ₹6,443.61 crore, while capital expenditure amounted to ₹1,607.75 crore.
Corporate Events and Listing
The company completed its transition to a public limited company in May 2025 and executed a share subdivision, reducing face value from ₹1,000 to ₹10 per share. Subsequently, 46.57 crore shares (10% of paid-up capital) were listed on NSE and BSE on January 19, 2026. Coal India Limited maintains a 90% stake post-listing. The 55th Annual General Meeting was held on August 7, 2026, addressing director appointments, cost auditor remuneration ratification at ₹17.60 lakh, and secretarial auditor appointment for 5 years.
Financial Position and Accounting
The company reported property, plant and equipment with gross carrying amount of ₹8,435.20 crore and net carrying amount of ₹5,265.71 crore. Inventories totaled ₹3,046.88 crore, including coal finished goods of ₹2,904.48 crore net. Cash and cash equivalents improved to ₹367.09 crore from ₹167.54 crore. Significant provisions include mine closure/site restoration (₹705.29 crore non-current + ₹974.44 crore current) and employee benefits (₹4,810.96 crore).
Regulatory Compliance and Governance
The company faced SEBI LODR compliance issues, resulting in fines of ₹7,64,640 each from BSE and NSE for lack of required independent directors and woman director. Environmental compliance included ₹843.83 crore deposited in escrow accounts for mine closure activities. The company also dealt with CGWA penalties totaling ₹17 lakhs on six clusters and has ₹1,012.37 crore in unsettled tax demands across various statutes.
Strategic Initiatives and CSR
Key strategic initiatives included washery modernization with commercial operation of the new 2.0 MTPA Bhojudih Coal Washery, Mine Developer Operator projects, and digital transformation through Integrated Command Control Centres with AI-enabled surveillance. CSR expenditure exceeded obligations at ₹13.84 crore, funding skill development programs, bamboo and jute-based livelihood projects, smart classrooms in 80 government schools, and electric buses for Belgaria Township.
Legal and Environmental Matters
The company has two cases pending in NGT regarding pollution and land issues, with forest clearance applications pending for Kuya Colliery (16.49 Ha) and Muraidih Colliery (133.69 Ha). Biological reclamation covered 1,646.54 Ha with over 3.5 million plants completed till 2025-26. The company also faces contingent liabilities of ₹3,226.27 crore in claims not acknowledged as debts.