Revenue for Q3FY26 declined 25% year-on-year (YoY) to Rs 2,783 crore from Rs 3,688 crore in the year-ago period. On a sequential basis, however, the loss narrowed from Rs 53 crore in Q2FY26, supported by an 8.3% quarter-on-quarter (QoQ) increase in revenue from Rs 2,572 crore in the July-September quarter.
Total expenses during the quarter stood at Rs 2,922 crore, lower than Rs 3,090 crore in Q2FY26 and Rs 3,242 crore in Q3FY25, reflecting a 5% sequential decline and a 10% reduction year-on-year. Expenses were largely incurred on materials consumed, employee benefits and finance costs, among other heads.
The stock had made a strong debut on the exchanges, listing at Rs 45.21 on the BSE, a 97% premium over its issue price of Rs 23. While the shares have since slipped below the listing price, they continue to trade around 60% above the issue price.
The Rs 1,071 crore IPO of Bharat Coking Coal saw one of the strongest subscription responses in India’s primary market in recent years, attracting bids worth over Rs 1.1 lakh crore.
Exchange data showed that investors bid for 50,93,16,75,600 shares at the upper end of the price band of Rs 23, translating into a total bid value of about Rs 1.17 lakh crore.
The IPO was entirely an offer for sale by promoter Coal India. Post listing, promoter shareholding has reduced to about 90% from 100%, improving public float while retaining government control.
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