Bharat Coking Coal (BHARATCOAL) Q2 26/27 earnings summary

Executive summary

• H1 operating revenue rose 16.06% to ₹7,999.85 crore, while PAT fell to ₹55.65 crore from ₹123.88 crore; H1 production declined 12.51% to 13.78 MT.

• Q2 returned to profit, with operating revenue of ₹4,412.58 crore and PAT of ₹123.74 crore versus a year-ago loss of ₹52.99 crore.

Financial highlights

• H1 total income rose 9.93% to ₹8,294.39 crore; PBT fell 58.51% to ₹82.71 crore and EBITDA was ₹430.37 crore versus ₹459.93 crore.

• Q2 total income was ₹4,571.15 crore versus ₹3,643.54 crore; PBT was ₹185.78 crore versus a ₹48.06 crore loss, and EBITDA was ₹358.87 crore versus ₹86.65 crore.

• H1 sales per tonne rose to ₹3,505.57 from ₹3,121.09, while cost per tonne increased to ₹3,456.17 from ₹3,002.82.

• Q2 total comprehensive income was ₹85.14 crore; H1 total comprehensive income was ₹44.45 crore versus ₹45.01 crore.

Segment performance

• Coal mining and related services constitute the sole business; no separate reportable segments.

• Q2 raw coal production was 7.22 MT versus 6.71 MT YoY; raw coal offtake was 8.89 MT versus 8.11 MT.

• H1 production was 13.78 MT versus 15.75 MT, and offtake was 16.61 MT versus 17.05 MT.

• H1 washeries recorded ₹501.94 crore profit versus ₹141.86 crore; Q2 recorded ₹235.51 crore profit versus a ₹2.12 crore loss, excluding non-operating sites.

• H1 washed coal sales were 0.81 MT, with ₹1,014.41 crore net sales and ₹12,509.54 per-tonne realization; Q2 realization was ₹12,680.84 per tonne.