Blue Coast Hotels Limited has submitted to the exchange the financial results for the quarter and financial year ended on March 31, 2026
BLUECOAST · price
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Blue Coast Hotels reported standalone total income of Rs. 243.48 lakhs for FY26, a jump from Rs. 45.06 lakhs in FY25, though the company posted a net loss of Rs. 208.07 lakhs versus net profit of Rs. 8,000.84 lakhs in FY25 (the prior year profit was inflated by an Rs. 8,453.55 lakh preference dividend waiver). The auditors issued an unmodified opinion but explicitly flagged a material uncertainty about the company's ability to continue as a going concern due to accumulated losses exceeding net worth (negative equity of Rs. 1,894.32 lakhs). The company is in default on Rs. 485.27 lakhs of preference share dividends and Rs. 551.89 lakhs of preference share redemptions due on March 31, 2026. The company lost its sole operating asset (Park Hyatt Goa Resort & Spa) in 2019 per Supreme Court direction and is engaged in ongoing litigation over auction proceeds.
The stock faces extreme risk due to negative net worth, recurring operating losses, and auditors raising substantial doubt about the company's viability as a going concern. Investors should exercise caution given the preference share defaults and heavy reliance on subsidiary support.