Blue Coast Hotels Limited has submitted to the Exchange, the audited financial results for the period ended March 31, 2026.
BLUECOAST · price
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Blue Coast Hotels Limited reported total income of Rs. 243.48 lakhs for FY2026, up from Rs. 45.06 lakhs in FY2025 (440% increase), but continued to incur net losses of Rs. 208.07 lakhs versus a profit of Rs. 8,000.84 lakhs in the prior year which was inflated by an exceptional Preference Dividend Waiver of Rs. 8,453.55 lakhs. The company has a deeply negative net worth of Rs. (1,894.32) lakhs and is defaulting on Rs. 485.27 lakhs of preference share dividends and Rs. 551.89 lakhs of preference share redemptions due March 31, 2026. The company's only operating asset (Park Hyatt Goa Resort & Spa) was handed over in 2019 per Supreme Court directions. Ongoing legal disputes with PACL Ltd. and SEBI remain pending. The auditors issued an unmodified opinion but highlighted material uncertainty about the company's ability to continue as a going concern.
The stock faces extreme risk due to negative net worth, recurring operating losses, and explicit auditor warning about going concern. Default on preference share obligations and pending legal liabilities (Rs. 26,604 lakhs claim from PACL matter) add significant financial stress despite some revenue improvement.