Bharat Coking Coal Limited · NSE:BHARATCOAL
Bharat Coking Coal — H1 FY2026-27 Earnings Presentation
28 slides from Bharat Coking Coal's earnings presentation, Oct 25, 2026
Slide 1: Presentation on Quarterly Financial Results to Stock Exchanges
Ref. No.: BCCL: CS: F-Post-Listing-2:57 Dated: 25.10.2026 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 Quarterly F
Slide 2: Bharat Coking Coal Limited
Bharat Coking Coal Limited (A Mini Ratna Company) ates! (A subsidiary of Coal India Limited) SS
Slide 3: Basis of Preparation of Financial Statements
BASIS OF PREPARATION OF FINANCIAL STATEMENTS PRESENTATION ON FINANCIAL RESULTS OF BCCL The Financial Statement of BCCL for the Half year ended 30th Sep, 2026 has been prepared in FOR THEHALF accordance YEAR/Accounting with Indian QUARTER ENDED 30.09.2023 Standards (Ind-ASs) notified by Ministry of C
Slide 4: Major Highlights for the Half Year ended 30.09.2026 (1/3)
Major Highlights for the Half Year ended on 30.09.2026 (1/3) The newly constructed Bhojudih washery, having a capacity of 2.0 Mill Te Per Annum, started its commercial operations with effect from 26-05-2026, enhancing BCCL’s total washing capacity to 17.35 MT (including 1.70 MT of TSL). The ASGKCC m
Slide 5: Major Highlights for the Half Year ended 30.09.2026 (2/3)
Major Highlights for the Half Year ended on 30.09.2026 (2/3) The Maheshpur RLS (Rapid Loading System) Project became operational on 20.09.2026 with the successful loading of a trial rake. The RLS is BCCL’s first FMC (First Mile Connectivity) project, having a capacity of 5.0 Mill Te Per Year. During
Slide 6: Major Highlights for the Half Year ended 30.09.2026 (3/3)
Major Highlights for the Half Year ended on 30.09.2026 (3/3) The MOU for joint development of the Kalyaneshwari Block was signed between BCCL and SAIL for joint development and operations with a Peak Rated Capacity of 4.0 MTPA. In its ongoing effort for Skill Development and Livelihood of the Projec
Slide 7: Physical Performance (H1 26-27 vs H1 25-26)
PHYSICAL PERFORMANCE (H1 26-27 vs H1 25-26) PRODUCTION (IN MT) OB REMOVAL (IN MCuM) OFFTAKE (IN MT) 16.00 100.00 10.00 15.50 80.00 8.00 15.00 14.50 60.00 6.00 16.61 17.05 15.75 14.00 81.76 40.00 64.87 4.00 13.50 13.78 20.00 2.00 13.00 12.50 0.00 0.00 Actual H1 26-27 Actual H1 25-26 Actual H1 26-27 A
Slide 8: Financial Performance (H1 26-27 vs H1 25-26)
FINANCIAL PERFORMANCE (H1 26-27 vs H1 25-26) ₹ in crore Sl. No. Particulars H1 26-27 H1 25-26 a. Total Income 8,294.39 7,545.33 b. Total Expenditure 8,211.68 7,345.99 c. Revenue from Operations/Operating Income 7,999.85 6,892.84 e. Profit/(Loss) before Tax (a-b) 82.71 199.34 f. Less: Tax Expenses 27
Slide 9: Sales Overview (H1 26-27 vs H1 25-26)
SALES OVERVIEW (H1 26-27 vs H1 25-26) H1 2026-27 H1 2025-26 Particulars Qty Net Sales Av. Real Qty Net Sales Av. Real Remarks (MT) (₹ Crore) (₹ Per Ton) (MT) (₹ Crore) (₹ Per Ton) REVENUE Performance Incentive & Compensation Income: FSA 12.52 3,860.19 3,083.22 14.07 4,031.09 2,865.23 C.Y. : ₹386.50
Slide 10: Performance of BCCL Washeries
Performance of BCCL Washeries H1 26-27 H1 25-26 Particulars BOM BCCL BCCL Dept. TSL Dept. BOM TSL Washerie Washery Total Washery Total Washeries Washery Washeries Washeries Washery s Total Total Operable capacity 10.25 68.00 78.25 8.50 86.75 20.50 58.00 78.50 8.50 87.00 (in LT) Total Coal feed (in 1
Slide 11: Debtors' Analysis for H1 2026-27
DEBTORS’ ANALYSIS FOR H1 2026-27 ₹ in crore Balance as on 01.04.2026 Balance as on 30.09.2026 % Advance Advances Realizatio increase/ Name of Billing For s as on Undispute as on n/ (decrease) Customer Disputed Total 01.04.2026 H1 26-27 Adjustme Disputed Undisputed Total 30.09.202 from d 6 nt 26-27 o
Slide 12: 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 Sep’2026 632.81 765.87 161.73 83.77 119.06 342.14 2105.38 Mar’2026 342.00 1950.78 36.78 60.77 111.49 361.36 2863.18
Slide 13: Inventory of Raw Coal
INVENTORY OF RAW COAL QTY. IN MT RAW COAL AS AT 30.09.2026 AS AT 31.03.2026 OPENINGSTOCK (1st April) 9.17 6.70 ADJUSTMENT 0.00 0.00 PRODUCTION 13.78 35.52 OUTSIDE DISPATCH & FEED TO WASHERY 16.61 33.05 SHORTAGE BEYOND 5% 0.00 0.00 CLOSING STOCK 6.34 9.17 ACCRETION(+)/ DECRETION(-) (2.83) 2.56 STOCK
Slide 14: Financial KPIs (1/2)
FINANCIAL KPIs (Key Performance Indicators) Sl No Description H1 2026-27 FY 2025-26 Remarks EBITDA as a percentage of Total Income refers to the percentage derived EBITDA as a by dividing EBITDA by total income where EBITDA is calculated as profit 1 percentage of Total 5.19 5.26 / (loss) for the per
Slide 15: Financial KPIs (2/2)
FINANCIAL KPIs (Key Performance Indicators) Sl No Description H1 2026-27 FY 2025-26 Remarks 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 34 67 Revenue from
Slide 16: Variance Analysis (1/2) (H1 26-27 vs H1 25-26)
VARIANCE ANALYSIS (1/2) (H1 26-27 vs H1 25-26) ₹ in Crore Particulars H1 2026-27 H1 2025-26 Difference % change Reasons The increase in sales is primarily due to increase in avg prices of Washed coal from ₹9495/Te to Revenue from 7,999.85 6,892.84 1,107.01 16.06% ₹12510/Te, Recognition of PI and com
Slide 17: Variance Analysis (2/2) (H1 26-27 vs H1 25-26)
VARIANCE ANALYSIS (2/2) (H1 26-27 vs H1 25-26) ₹ in Crore Particulars H1 2026-27 H1 2025-26 Difference % change Reasons The primary reason of increase in Finance cost is availment of the Finance Cost 97.07 60.05 37.02 61.65% Working Capital Loan, Bank Overdraft facility, and LC averaging ₹2100 cr du
Slide 18: Capex Comparison
CAPEX COMPARISON ₹ in crore Actual Actual Asset Head (H1 2026-27) (H1 2025-26) Plant & Machinery (incl. Railway Siding) 168.45 139.27 Solar Projects 0.57 32.25 Land 5.86 2.55 Telecommunication 5.15 35.45 Development 36.92 266.36 Building 32.53 29.99 Exploration & Evaluation 0.50 -175.39 Office Equip
Slide 19: Certain Financial Figures Comparatives
Certain Financial Figures Comparatives ₹ in Crore Amount Amount Sl No Description Remarks H1 2026-27 H1 2025-26 With persistent persuasion and reconciliation with customers, higher 1 Sales Realization 10259.63 7817.65 realisations were made possible during the quarter. Reducing the debtors from ₹ 28
Slide 20: Performance Highlights for the 2nd Quarter ended 30th Sep 2026
Performance Highlights for the 2" Quarter ended 30" Sep 2026
Slide 21: Physical Performance (Q2 26-27 vs Q2 25-26)
PHYSICAL PERFORMANCE (Q2 26-27 vs Q2 25-26) PRODUCTION (IN MT) OB REMOVAL (IN MCuM) OFFTAKE (IN MT) 7.40 32.40 10.00 7.20 32.30 8.00 32.20 7.00 6.00 8.89 8.11 32.10 7.22 32.32 6.80 32.00 4.00 31.90 6.60 6.71 31.92 2.00 31.80 6.40 31.70 0.00 Actual Q2 26-27 Actual Q2 25-26 Actual Q2 26-27 Actual Q2 2
Slide 22: Financial Performance (Q2 26-27 vs Q2 25-26)
FINANCIAL PERFORMANCE (Q2 26-27 vs Q2 25-26) ₹ in crore Sl. No. Particulars Q2 26-27 Q2 25-26 a. Total Income 4,571.15 3,643.54 b. Total Expenditure 4,385.37 3,691.60 c. Revenue from Operations/Operating Income 4,412.58 3,173.25 e. Profit/(Loss) before Tax (a-b) 185.78 (48.06) f. Less: Tax Expenses
Slide 23: Sales Overview (Q2 26-27 vs Q2 25-26)
SALES OVERVIEW (Q2 26-27 vs Q2 25-26) Q2 2026-27 Q2 2025-26 Particulars Qty Net Sales Av. Real Qty Net Sales Av. Real Remarks (MT) (₹ Crores) (₹ Per Ton) (MT) (₹ Crores) (₹ Per Ton) REVENUE PI& Comp. CY - ₹386.95 Cr, PY – FSA 6.93 2,324.93 3,354.88 6.68 1,823.34 2,729.96 0.00 Cr. Liquidation of the
Slide 24: Performance of BCCL Washeries
Performance of BCCL Washeries Q2 26-27 Q2 25-26 Particulars BOM BCCL BCCL Dept. TSL Dept. BOM TSL Washerie Washery Total Washery Total Washeries Washery Washeries Washeries Washery s Total Total Operable capacity 5.13 34.00 39.13 4.25 43.38 10.25 29.00 39.25 4.25 43.50 (in LT) Total Coal feed (in 0.
Slide 25: Variance Analysis (1/2) (Q2 26-27 vs Q2 25-26)
VARIANCE ANALYSIS (1/2) (Q2 26-27 vs Q2 25-26) ₹ in Crore Particulars Q2 2026-27 Q2 2025-26 Difference % change Reasons The increase in sales is on account of increase in outside dispatch from 8.03 Mill Te to 8.93 Mill Te. Additionally the increase is also due to increase in Revenue from 4,412.58 3,
Slide 26: Variance Analysis (2/2) (Q2 26-27 vs Q2 25-26)
VARIANCE ANALYSIS (2/2) (Q2 26-27 vs Q2 25-26) ₹ in Crore Particulars Q2 2026-27 Q2 2025-26 Difference % change Reasons The primary reason of increase in Finance cost is availment of the Working Capital Loan, Bank Overdraft facility, and LC averaging Finance Cost 48.74 33.84 14.90 44.03% ₹2300 cr in
Slide 27: Capex Comparison
CAPEX COMPARISON ₹ in crore Actual Actual Asset Head (Q2 2026-27) (Q2 2025-26) Plant & Machinery (incl. Railway Siding) 62.03 95.10 Solar Projects 0.00 5.81 Land 1.50 1.58 Telecommunication 0.34 0.21 Development 22.70 202.76 Building 19.42 25.34 Exploration & Evaluation 0.19 -175.48 Office Equipment
Slide 28: Thank You
THANK YOU Corporate Accounts, BCCL
Bharat Coking Coal — H1 FY2026-27 Earnings Presentation on 6ix