• Inventory liquidation: Bharat Coking Coal reduced its stock inventory from 9.41 million tonnes to 7.97 million tonnes during Q1 by discounting coal prices by ₹100 to ₹600 per tonne to drive dispatches amid weak demand.
• Dispatch target: The company reiterated its FY27 dispatch target of over 41 million tonnes, supported by approximately 2 million tonnes of exposed coal reserves and improved logistics.
• Washery capacity expansion: Total washery capacity rose from 13.65 million tonnes to 15.65 million tonnes following the commissioning of the 2-million-tonne Bhojudih washery, while washery efficiency improved from 32% to 37%.
• Asset monetization pipeline: Following the monetization of the Dugda washery, the company expects to complete the monetization of the Sudamdih washery within six months, followed by the Mahuda washery.
• Diesel cost impact: After incurring an approximate ₹13 crore loss in Q1 due to elevated diesel prices, management expects fuel rationalization measures to minimize the margin impact in Q2.