Submission of audited financial results for the quarter and year ended 31.03.2026
COASTCORP · price
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Coastal Corporation Limited reported standalone revenue of Rs 62,724.11 lakhs (down from Rs 68,905.94 lakhs in FY25, a ~9% decline) and standalone PAT of Rs 956.37 lakhs for FY26, sharply lower from Rs 7,872.02 lakhs in the prior year. Consolidated revenue was Rs 71,886.59 lakhs with PAT of Rs 1,350.24 lakhs. The auditors issued a Qualified Opinion on standalone results due to non-provision of Rs 3,009.85 lakhs impairment allowance on investment in wholly-owned US subsidiary Seacrest Seafoods Inc., citing uncertainty around tariff refund claims from the US government. Consolidated financials received an unmodified opinion. The Board recommended a final dividend of Rs 0.28 per share (14%) and approved a Rs 350 crore ethanol plant in Odisha via subsidiary Coastal Biotech Private Limited. Three new director appointments were approved, including Ms. Vineesha Valsaraj (related party — daughter of Managing Director).
The qualified opinion on standalone results raises concerns about the company's accounting treatment of the Seacrest investment. The steep fall in standalone PAT from Rs 7,872 to Rs 956 lakhs may weigh on investor sentiment despite the dividend declaration.