Bharat Coking Coal Limited · NSE:BHARATCOAL
Bharat Coking Coal — Q3 FY2025-26 Earnings Presentation
23 slides from Bharat Coking Coal's earnings presentation, Feb 3, 2026
Slide 1: Filing cover letter to stock exchanges
Ref. No.: BCCL: CS:F-436: 32 Dated: 03.02.2026 To, To Listing Department, Listing Department, Bombay Stock Exchange Limited, National Stock Exchange of India Limited Mumbai-400051 Mumbai-400051 Scrip Code 544678 Ref: ISIN – INE05XR01022 Sub: Presentation made by Company on the Un-Audited Financial R
Slide 2: Performance Highlights for the Nine-Months ended 31st December 2025
Performance Highlights for the Nine-Months ended 31st December 2025
Slide 3: Basis of Preparation of Financial Statements
BASIS OF PREPARATION OF FINANCIAL STATEMENTS PRESENTATION ON FINANCIAL RESULTS OF BCCL The FOR THE HALF Financial YEAR/ Statement of QUARTER BCCL forENDED 30.09.2023ended 31st December, 2025 has been the nine-months prepared in accordance with Indian Accounting Standards (Ind-ASs) notified by Minist
Slide 4: Major Highlights for the Nine Months ended on 31.12.2025
Major Highlights for the Nine Months ended on 31.12.2025 The company made a strong debut on the stock exchanges on 19th January 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 PB Pro
Slide 5: Physical Performance (9M vs 9M)
PHYSICAL PERFORMANCE (9M vs 9M) PRODUCTION (IN MT) OFFTAKE (IN MT) OB REMOVAL (IN MCuM) 28.38 29.06 135.44 30.00 28.50 140.00 29.00 28.00 135.00 28.00 27.50 130.00 24.65 25.83 125.00 113.13 27.00 27.00 26.00 26.50 120.00 25.00 26.00 115.00 24.00 25.50 110.00 23.00 25.00 105.00 22.00 24.50 100.00 Act
Slide 6: Financial Performance (9M vs 9M)
FINANCIAL PERFORMANCE (9M vs 9M) ₹ in crore Sl. No. Particulars 9M 25-26 9M 24-25 a. Total Income 9164.75 10847.56 b. Total Expenditure 9034.51 9208.89 c. Revenue from Operations/Operating Income 8441.82 10534.42 e. Profit/(Loss) before Tax (a-b) 130.24 1638.67 f. Less: Tax Expenses 29.24 464.98 g.
Slide 7: Sales Overview (9M vs 9M)
SALES OVERVIEW (9M vs 9M) 9M 2025-26 9M 2024-25 Particulars Net Sales Qty (MT) REVENUE Av. Real Qty (MT) Net Sales Av. Real (₹ Crores) (₹ Per Ton) (₹ Crores) (₹ Per Ton) FSA 21.20 5,971.92 2,816.94 23.42 7,247.17 3,094.70 E-Auction 0.50 212.42 4,265.46 0.84 427.50 5,113.64 Total Raw Coal 21.70 6,184
Slide 8: Performance of BCCL Washeries (Departmental and BOM)
Performance of BCCL Washeries (Departmental and BOM) 9M 2025-26 9M 2024-25 Particulars Departmental BCCL Washery Departmental BOM BCCL Washery BOM Washeries Washeries Total Washeries Washeries Total Operable capacity (in LT) 43.50 87.00 130.65 43.50 87.00 130.50 Total Coal feed (in LT) 4.04 25.48 29
Slide 9: Debtors' Analysis for 9M 2025-26
DEBTORS’ ANALYSIS FOR 9M 2025-26 ₹ in crore Balance as on 01.04.2025 Balance as on 31.12.2025 Advances Billing for Realization/ Advances % increase/ Name of as on 9M' FY:25- Adjustment for as on (decrease) Customer Disputed Undisputed Total Disputed Undisputed Total 01.04.2025 26 9M' FY:25-26 31.12.
Slide 10: Ageing of Trade Receivables
AGEING OF TRADE RECEIVABLES ₹ in Crore For the Unbilled Less than 6 6 months 1 More than 3 Total period 1-2 years 2-3 years Dues months year years ended December 327.88 1933.01 36.79 60.77 111.49 361.53 2831.47 2025 March 343.61 1130.37 73.79 123.05 64.53 112.41 1847.76 2025
Slide 11: Inventory of Raw Coal
INVENTORY OF RAW COAL QTY. IN MT RAW COAL AS AT 31.12.2025 AS AT 31.03.2025 OPENING STOCK (1st April) 6.85 4.57 ADJUSTMENT 0.00 0.00 PRODUCTION 24.65 40.50 OUTSIDE DISPATCH & FEED TO WASHERY 25.76 38.22 SHORTAGE BEYOND 5% 0.00 0.00 CLOSING STOCK 5.74 6.85 ACCRETION(+)/ DECRETION(-) (1.11) 2.28 STOCK
Slide 12: Financial KPIs (Key Performance Indicators)
FINANCIAL KPIs (Key Performance Indicators) For 9M For FY Sl No Description Remarks 2025-26 2024-25 EBITDA as a percentage of Total Income refers to the percentage derived by EBITDA as a dividing EBITDA by total income where EBITDA is calculated as profit / 1 percentage of Total 6.15 16.36 (loss) fo
Slide 13: Financial KPIs (Key Performance Indicators)
FINANCIAL KPIs (Key Performance Indicators) For 9M For FY Sl No Description Remarks 2025-26 2024-25 Trade receivables as Trade receivables as number of days of Revenue from operations refers to number of days of Trade Receivables on the reporting date (excluding unbilled receivables) as 5 82 40 Reve
Slide 14: Variance Analysis (1/2) (9M vs 9M)
VARIANCE ANALYSIS (1/2) (9M vs 9M) Particulars 9M 25-26 9M 24-25 Difference % change Reasons ₹ in crore The reduction in sales is on account of reduction in outside dispatch from 28.35 Mill Te to 25.34 Mill Te. Sales (Net of Levies) 7,845.06 9,835.27 (1,990.21) -20.24% Further there is also a reduct
Slide 15: Variance Analysis (2/2) (9M vs 9M)
VARIANCE ANALYSIS (2/2) (9M vs 9M) ₹ in crore Particulars 9M 25-26 9M 24-25 Difference % change Reasons Employee Benefits Reduction in manpower (by 1720 (avg) in Dec 2025 as compared to 4,599.15 4,779.81 (180.66) -3.78% Expense Dec 2024) has led to reduction in the employee benefit expenditure. The
Slide 16: Capex Comparison
CAPEX COMPARISON ₹ in crore Actual Actual Asset Head (9M 2025-26) (9M 2024-25) Plant & Machinery (incl. Railway Siding & SILO) 182.92 88.23 Solar Projects 50.06 218.19 Land 3.33 45.06 Telecommunication 42.24 40.85 Development 102.44 127.53 Building 62.50 51.12 Exploration & Evaluation 0.09 64.53 Off
Slide 17: Performance Highlights for the Quarter ended 31st December 2025
Performance Highlights for the Quarter ended 31st December 2025
Slide 18: Physical Performance (Q3 vs Q3)
PHYSICAL PERFORMANCE (Q3 vs Q3) PRODUCTION (IN MT) OFFTAKE (IN MT) OB REMOVAL (IN MCuM) 9.97 9.76 65.37 10.00 9.80 70.00 9.80 9.60 60.00 9.60 39.40 9.40 50.00 9.40 8.90 9.20 8.78 40.00 9.20 9.00 9.00 30.00 8.80 8.80 20.00 8.60 8.60 8.40 8.40 10.00 8.20 8.20 0.00 Actual Q3 25-26 Actual Q3 24-25 Actua
Slide 19: Financial Performance (Q3 vs Q3)
FINANCIAL PERFORMANCE (Q3 vs Q3) ₹ in crore Sl. No. Particulars Q3 25-26 Q3 24-25 a. Total Income 2853.24 3756.86 b. Total Expenditure 2922.34 3242.23 c. Revenue from Operations/Operating Income 2782.80 3688.23 e. Profit/(Loss) before Tax (a-b) (69.10) 514.63 f. Less: Tax Expenses (46.22) 89.64 g. P
Slide 20: Sales Overview (Q3 vs Q3)
SALES OVERVIEW (Q3 vs Q3) Q3 2025-26 Q3 2024-25 Particulars REVENUE Av. Real Net Sales Net Sales Av. Real Qty (MT) Qty (MT) (₹ Crores) (₹ Per Ton) (₹ Crores) (₹ Per Ton) FSA 7.13 1,940.83 2,721.68 8.20 2,721.35 3,319.93 E-Auction 0.16 67.47 4,352.90 0.25 128.99 5,098.42 Total Raw Coal 7.29 2,008.30
Slide 21: Variance Analysis (1/2) (Q3 vs Q3)
VARIANCE ANALYSIS (1/2) (Q3 vs Q3) Particulars Q3 25-26 Q3 24-25 Difference % change Reasons ₹ in crore The reduction in sales is on account of reduction in outside dispatch from 9.78 Mill Te to 8.48 Mill Te. Sales (Net of Levies) 2,584.77 3,466.59 (881.82) -25.44% Further there is also a reduction
Slide 22: Variance Analysis (2/2) (Q3 vs Q3)
VARIANCE ANALYSIS (2/2) (Q3 vs Q3) ₹ in crore Particulars Q3 25-26 Q3 24-25 Difference % change Reasons The increase is primarily due to the actarial credit of 65.93 crores in Employee Benefits the current year as against the credit of 231.06 crores during the same 1,533.47 1,443.47 90.00 6.23% Expe
Slide 23: Thank You
THANK YOU
Bharat Coking Coal — Q3 FY2025-26 Earnings Presentation on 6ix