Coastal Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
COASTCORP · price
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Coastal Corporation Limited, a Visakhapatnam-based seafood exporter and three-star export house, submitted its unaudited Q1 FY26 results. On a standalone basis, total revenue from operations rose about 31% year-on-year to Rs. 17,134 lakhs (vs Rs. 13,100 lakhs in Q1 FY25), driven mainly by manufactured seafood sales of Rs. 16,977 lakhs. Profit after tax grew around 40% to roughly Rs. 1,028 lakhs (vs Rs. 736 lakhs in Q1 FY25), with profit before tax at Rs. 1,340 lakhs. The statutory auditor (Brahmayya & Co.) issued a limited review with an emphasis of matter flagging the non-provision of impairment on the Rs. 2,500 lakh investment in wholly-owned US subsidiary Seacrest Seafoods Inc., which has negative net worth and plans to buy back its shares at par within 12 months. Separately, the board approved raising the borrowing limit to Rs. 700 crore and the loan/guarantee limit to Rs. 500 crore, subject to shareholder approval, and set the 44th AGM for September 26, 2025.
Strong top-line and bottom-line growth in Q1 reflects healthy demand and margin improvement at the standalone level. However, the unresolved Seacrest Seafoods exposure (Rs. 25 crore) remains a risk, and the proposed sharp increase in borrowing limits (to Rs. 700 crore) signals significant future capex or expansion plans that shareholders should monitor.