Coastal Corp Q2 FY26 results; subsidiary merger proposed
COASTCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 7.1 pts less than its Seafood peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Coastal Corporation Q2 FY26 standalone revenue from operations about Rs. 149 crores. Standalone net profit rose to Rs. 13.66 crores from Rs. 10.28 crores YoY, about 33 percent growth. H1 FY26 net profit Rs. 21.69 crores. Board approved merger of wholly owned subsidiaries Continental Fisheries India and Coastal Biotech. Auditor flagged non provision of Rs. 25 crore impairment on Seacrest Seafoods investment. Ethanol subsidiary now selling to oil marketing companies.
Subsidiary merger proposal could streamline operations; ethanol subsidiary ramping up. Auditor concern over Rs. 25 crore impairment is a watch point.