Bharat Coking Coal shares rally 5% after Q2 profit turnaround; revenue jumps 39% YoY

ETMarkets.com

The company reported a profit after tax (PAT) of Rs 123.7 crore in Q2 FY27, compared with a loss of Rs 53 crore in the year-ago quarter.

Revenue from operations rose 39% YoY to Rs 4,412.58 crore in the September quarter, up from Rs 3,173.25 crore in the year-ago period.

Bharat Coking Coal’s production stood at 7.22 million tonnes in the quarter ended September 30, 2026, compared with 6.71 million tonnes in the corresponding quarter last year and 6.56 million tonnes in the June 2026 quarter.

However, production for the first half of FY27 declined to 13.78 million tonnes from 15.75 million tonnes in the corresponding period of FY26.

Coal offtake increased to 8.89 million tonnes in the September quarter, compared with 8.11 million tonnes a year earlier and 7.72 million tonnes in the preceding quarter. For the first half of FY27, offtake stood at 16.61 million tonnes, against 17.05 million tonnes in the year-ago period.

Share price, technical indicators and shareholding pattern

Despite Monday’s rally, Bharat Coking Coal shares are down around 11% over the past three months. The company has a market capitalisation of Rs 14,525 crore, while its 52-week high stands at Rs 45.09.

Shareholding pattern: Foreign institutional investors (FIIs) and mutual funds trimmed their stakes in the September 2026 quarter. FII holdings declined to 0.06% from 0.38% in the June quarter, while mutual fund holdings fell to 0.30% from 0.37%.

Technical indicators: According to Trendlyne data, the stock’s daily Relative Strength Index (RSI) stood at 33.5. An RSI below 30 is generally considered to indicate oversold conditions, while a reading above 70 typically signals overbought conditions.

Bharat Coking Coal was also trading below all seven of its simple moving averages (SMAs), indicating continued weakness across these technical indicators.