Blue Coast Hotels Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
BLUECOAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Blue Coast Hotels submitted audited results for Q4 and FY25. The company has not operated its hotel business since September 2018 after handing over its sole asset (Park Hyatt Goa) to the Supreme Court. Standalone Q4 FY25 posted a net loss of Rs. 328.05 lakhs, while the full year showed a net profit of Rs. 8,006.38 lakhs — almost entirely driven by an exceptional gain of Rs. 8,453.33 lakhs from waiver of 95% of unpaid preference dividend. Excluding this one-time item, the company remains loss-making. Total income for FY25 was just Rs. 45.06 lakhs, while expenses (including Rs. 198.18 lakhs in finance cost) drove a pre-exceptional loss of Rs. 369.11 lakhs. The auditor issued an unmodified opinion but flagged a material uncertainty on going concern due to recurring losses and accumulated losses exceeding net worth (negative equity of Rs. 1,661 lakhs standalone / Rs. 1,931 lakhs consolidated).
The headline profit is misleading — it exists only because preference shareholders waived unpaid dividends. Underlying operations continue to lose money, net worth is negative, and the auditor has warned of going concern doubts. Shareholders should weigh the pending Goa hotel property litigation, the SEBI show cause notice, and settlement application, as well as reliance on support from subsidiary Blue Coast Hospitality, before drawing comfort from these numbers.