Mumbai, Feb 04 : Shares of Bharat Coking Coal Limited (BCCL) dropped more than 4% to Rs 37.06 in Wednesday’s session after the company posted a standalone net loss of Rs 23 crore for the quarter ended December 31, 2025. In the corresponding period last year, the Coal India subsidiary had recorded a profit of Rs 425 crore.
This marks the company’s first earnings announcement since its stock market debut last month.
Revenue slides, but sequential performance improves
Quarterly revenue declined 25% year on year to Rs 2,783 crore compared with Rs 3,688 crore a year earlier. However, the loss narrowed from Rs 53 crore reported in the July–September quarter, aided by an 8.3% sequential rise in revenue from Rs 2,572 crore.
Total expenditure stood at Rs 2,922 crore, down from Rs 3,090 crore in the previous quarter and Rs 3,242 crore in the same period last year. The reduction reflects lower spending across key areas such as raw materials, employee benefits, and finance costs.
Stock remains above issue price despite decline
BCCL had delivered a strong market debut, listing at Rs 45.21 on the BSE nearly double its issue price of Rs 23. Although the stock has retreated from those levels, it still trades roughly 60% higher than the offer price.
The company’s Rs 1,071 crore initial public offering drew massive investor interest, generating bids worth more than Rs 1.1 lakh crore. Exchange data showed demand for over 50 billion shares at the top end of the price band.
Structured entirely as an offer for sale by promoter Coal India, the listing reduced the parent company’s stake to about 90%, enhancing public shareholding while keeping government control intact.