Bharat Coking Coal Plunges 2% on Q3 Loss, Weak Sales & EBITDA

• Bharat Coking Coal Ltd. shares fell over 2% after reporting Q3 results.
• The company posted a net loss of ₹23 crore, a significant drop from ₹425 crore profit last year.
• Sales declined by 24.6% year-on-year to ₹2,782 crore.
• EBITDA plummeted by 94% to ₹32.9 crore, with margins shrinking to 1.2%.
• Increased finance costs and employee benefit expenses also contributed to the losses.

Why It Matters: Bharat Coking Coal reported a net loss in Q3 due to weak sales, drastically reduced EBITDA, and higher costs.