BCCL FY2025-26: IPO euphoria meets a tough operating year
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/blogpostMetadata blogpostTitle: Bharat Coking Coal Limited: FY 2025-26 Highlights Show Lower Output and Lower Margins blogpostSlug: bccl-fy26 blogpostCoverImageUrl: null blogpostCoverImageDescription: Ultra realistic corporate finance scene showing a clean dashboard on a large monitor with three downward trend lines for coal production, offtake, and EBITDA, alongside a rising bar for trade receivables days and a separate gauge showing solar capacity at 26.088 MW, set in a modern office with neutral lighting and no text labels. blogpostShortTitle: BCCL FY26 margins fall, receivables rise
Frequently Asked Questions
Total income was INR 14,924.26 crore in FY 2025-26, compared with INR 16,516.29 crore in FY 2024-25.
Revenue from operations was INR 13,644.78 crore in FY 2025-26 versus INR 15,917.21 crore in FY 2024-25, a decline attributed to lower dispatch and weaker pricing levers such as e-auction gains and washed coal MoU price.
Coal production was 35.52 MT and offtake was 33.05 MT in FY 2025-26, compared with 40.50 MT production and 38.26 MT offtake in FY 2024-25.
EBITDA was INR 785.38 crore in FY 2025-26 versus INR 2,356.06 crore in FY 2024-25. PAT was INR 128.28 crore versus INR 1,240.19 crore.
Solar power generation capacity was 26.088 MW as of 31 March 2026, resulting in approximate savings of INR 13.27 crore during FY 2025-26. A further 25 MW capacity addition was stated to be in installation stage, tentatively by 31.05.2026.
Trade receivables days increased to 67 from 34. Gross debtors rose to INR 3,024.97 crore as of 31 March 2026 from INR 2,218.10 crore as of 31 March 2025.
Total capex shown was INR 1,607.76 crore in FY 2025-26 compared with INR 1,811.01 crore in FY 2024-25. The presentation also states a capex target of INR 975 crore for FY 2025-26.
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