Bharat Coking Coal shares crash 7% after weak Q1FY27 results

Bharat Coking Coal Limited, a subsidiary of Coal India, saw its share price drop by nearly 7% on the National Stock Exchange after it reported a net loss of ₹68.09 crore for the first quarter of the fiscal year 2027.

This is a significant decline compared to the same period last year when the company had a net profit of ₹176.87 crore.

The company's revenue also decreased by 3.55% year-on-year.

However, there were some positive aspects such as a 12% increase in sales realization per tonne and a 24.3% increase in output from underground mines.

The share price has been on a downward trend, slipping by 5.14% in a week and 15.88% in a month.

The company's shares debuted on the Indian stock exchanges in January this year at ₹45 per share, marking a 96% premium over its IPO price of ₹23.