Bharat Coking Coal (BHARATCOAL) Q4 25/26 earnings summary

Executive summary

• FY26 revenue from operations was ₹13,644.78 crore and profit for the year was ₹128.28 crore; audited results received an unmodified opinion with emphasis of matter.

• Board approved revised washed coking coal prices and evacuation charges effective 1 April 2026, plus changes to incentives and discounts for power consumers.

Financial highlights

• FY26 revenue from operations ₹13,644.78 crore vs ₹15,917.21 crore in FY25; total income ₹14,924.26 crore vs ₹16,516.29 crore.

• FY26 profit before tax ₹149.18 crore vs ₹1,702.89 crore; profit for the year ₹128.28 crore vs ₹1,240.19 crore.

• Q4 FY26 revenue from operations ₹3,282.95 crore vs ₹3,865.79 crore YoY; profit for the quarter ₹27.28 crore vs ₹66.50 crore.

• FY26 total expenses ₹14,775.08 crore vs ₹14,813.40 crore in FY25; other income ₹1,279.48 crore vs ₹599.08 crore.

Outlook and guidance

• Washed coal basic prices for Q1 FY27, effective 1 April 2026, set at ₹13,403/MT for Prime and ₹10,937/MT for Medium; taxes, levies and other charges apply additionally.

• Revised washery-product evacuation recoveries effective 1 April: ₹731/₹878 per MT for PCC/MCC washed coal at 65%, ₹225/₹270 for power coal at 20%, and ₹169/₹202 for rejects/slurry at 15%.

• Board approved waiving performance incentive and discounts of up to 10% across slabs for power consumers lifting beyond 100% of annual contracted quantity.