Outcome of Board Meeting dated 8th August, 2025
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Awaiting price reaction for this filing.
Coastal Roadways Limited submitted its unaudited financial results for Q1 FY26 (quarter ended 30th June 2025), approved at a board meeting held on 8th August 2025. Revenue from operations stood at Rs. 1,035 lakhs, up modestly from Rs. 975 lakhs in the corresponding quarter last year. Profit after tax came in at Rs. 79 lakhs, flat year-on-year on a restated basis, with basic EPS of Rs. 1.91. The company also disclosed a restatement of prior period figures for Q1 FY25, correcting how fair value changes on mutual fund investments (FVTPL) and related deferred tax were accounted for — this lifted previously reported other income from Rs. 8 lakhs to Rs. 70 lakhs and PAT from Rs. 26 lakhs to Rs. 79 lakhs for that quarter. Statutory auditors Patanjali & Co. issued a clean limited review report with no qualifications, and confirmed the restatement complies with Ind AS 8 and SEBI LODR norms. The changes are non-cash and have no impact on company cash flows.
Investors should note the restated Q1 FY25 numbers reflect a non-cash accounting correction (mutual fund fair value recognition), not operational improvement. Current quarter performance is stable but not showing meaningful growth in revenue or profit, so the stock is unlikely to see a strong reaction on this filing alone.