Coal India arm BCCL posts June quarter loss at ₹68 crore
Bharat Coking Coal Ltd. reports a June quarter loss as revenue falls and expenses rise
- Bharat Coking Coal Ltd. is a subsidiary of Coal India Ltd. and operates in the coal sector.
- Bharat Coking Coal Ltd. moved from a profit in the year-ago quarter to a loss in the June quarter.
- Bharat Coking Coal Ltd. recorded lower revenue from operations and higher expenses in the June quarter.
- The company filed its quarterly result with the Bombay Stock Exchange.
What happened
Bharat Coking Coal Ltd. (BCCL), a subsidiary of Coal India Ltd., reported a loss of ₹68.09 crore for the June quarter. In the same quarter of the previous year, the company had reported a profit of ₹176.87 crore.
The company’s revenue from operations slipped to ₹3,587.27 crore from ₹3,719.59 crore in the corresponding quarter. Expenses rose during the quarter, which contributed to the loss. The financial filing was submitted to the Bombay Stock Exchange (BSE).
UPSC can use Bharat Coking Coal Ltd.'s quarterly loss to test understanding of public sector enterprise finances, the economics of coal production, and the policy trade-off between energy security and cleaner, more efficient resource use.
